Federal Bank Ltd has approved the allotment of 1000 (One thousand) rated, unsecured, redeemable, non-convertible, Basel III compliant, lower Tier 2 subordinated bonds bearing a face value of INR 10,00,000 (Indian Rupees Ten Lakh) each, with an option to retain oversubscription of upto 2,000 unsecured, listed, redeemable Basel III Compliant Tier II bonds having a face value of INR 10,00,000 (Indian Rupees Ten Lakhs) each aggregating to INR 300,00,00,000 (Indian Rupees Three Hundred Crores) ('Debentures'), on a private placement basis (the 'Issue') by the Federal Bank Limited ('Bank').
Shares of FEDERAL BANK LTD. was last trading in BSE at Rs.103.9 as compared to the previous close of Rs. 104.2. The total number of shares traded during the day was 1275736 in over 2563 trades.
The stock hit an intraday high of Rs. 104.5 and intraday low of 100.9. The net turnover during the day was Rs. 131330129.