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Federal Bank Ltd. (India) ( (IN:FEDERALBNK) ) has shared an announcement.
Federal Bank Ltd. has allotted a total of 112,883 equity shares with a face value of Rs. 2 each to employees following the exercise of stock options under its ESOS 2010 and ESOS 2017 schemes, as approved by the bank’s Nomination, Remuneration, Ethics and Compensation Committee. The move marginally increases the bank’s equity base and reflects ongoing use of employee stock option plans as part of its compensation and retention strategy, aligning staff interests with shareholder value and signaling continued emphasis on incentivising key talent within the organisation.
More about Federal Bank Ltd. (India)
Federal Bank Ltd. is an Indian private sector bank offering a range of retail and corporate banking services, including deposits, loans, and digital banking solutions, with a strong presence in southern India and a focus on domestic and NRI customers.
Average Trading Volume: 488,987
Technical Sentiment Signal: Buy
Current Market Cap: 649.7B INR
Learn more about FEDERALBNK stock on TipRanks’ Stock Analysis page.