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Federal Bank Ltd. Announces Equity Share Allotment Under ESOS

Story Highlights
  • Federal Bank Ltd. operates in the banking sector, offering retail and corporate services.
  • The bank allotted 199,166 equity shares under its ESOS to enhance employee engagement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Federal Bank Ltd. Announces Equity Share Allotment Under ESOS

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Federal Bank Ltd. (India) ( (IN:FEDERALBNK) ) just unveiled an announcement.

Federal Bank Ltd. has announced the allotment of equity shares following the exercise of stock options under its Employee Stock Option Schemes (ESOS) of 2010 and 2017. A total of 199,166 equity shares were allotted, which reflects the bank’s ongoing commitment to employee incentives and its strategy to enhance employee engagement and retention.

More about Federal Bank Ltd. (India)

Federal Bank Ltd. is a prominent financial institution in India, primarily operating in the banking sector. It offers a range of financial services and products, focusing on retail and corporate banking, and is known for its strong presence in the Indian market.

Average Trading Volume: 369,758

Technical Sentiment Signal: Buy

Current Market Cap: 575.2B INR

See more data about FEDERALBNK stock on TipRanks’ Stock Analysis page.

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