Federal Bank Ltd allots 704624 shares under ESOS 2010

The Nomination, Remuneration, Ethics and Compensation Committee, MD & CEO has allotted 7,04,624 (Seven lakh four thousand six hundred and twenty four) Equity Shares with face value of Rs. 2/- each of Federal Bank Ltd to the Option Grantees upon exercise of stock options under the Bank's Employee Stock Option Scheme, 2010.

Shares of FEDERAL BANK LTD. was last trading in BSE at Rs.149.4 as compared to the previous close of Rs. 141.35. The total number of shares traded during the day was 811040 in over 8555 trades.

The stock hit an intraday high of Rs. 151.6 and intraday low of 141.45. The net turnover during the day was Rs. 120056392.

Source : Equity Bulls

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