Federal Bank Ltd approves allotment of 492818 shares under ESOS 2010

As authorized by the Nomination, Remuneration, Ethics and Compensation Committee, allotment of 4,92,818 (Four lakh ninety two thousand eight hundred and eighteen) Equity Shares with face value of Rs. 2/- each of Federal Bank Ltd to the Option Grantees has been made upon exercise of stock options under ESOS 2010 Scheme for which allottees have paid money.

Shares of FEDERAL BANK LTD. was last trading in BSE at Rs.84.15 as compared to the previous close of Rs. 86.15. The total number of shares traded during the day was 629466 in over 2944 trades.

The stock hit an intraday high of Rs. 86.3 and intraday low of 83.55. The net turnover during the day was Rs. 53441021.

Source : Equity Bulls

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