Federal Bank Ltd allots 47,13,000 shares

The Nomination, Remuneration, Ethics and Compensation Committee of the Board of Federal Bank Ltd has allotted 47,13,000 (Forty seven lakhs thirteen thousand only) Equity shares with face value of Rs. 2/- each of the Bank to Mr. Shyam Srinivasan, MD & CEO upon exercise of stock options and payment of money, out of shares already granted to him under the Bank's Employee Stock Option Scheme, 2010.

Shares of FEDERAL BANK LTD. was last trading in BSE at Rs.110.5 as compared to the previous close of Rs. 112.05. The total number of shares traded during the day was 325727 in over 1281 trades.

The stock hit an intraday high of Rs. 114 and intraday low of 110.1. The net turnover during the day was Rs. 36460735.

Source : Equity Bulls

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