Fedbank Financial Services Allots 24,500 ESOP Shares

Fedbank Financial Services Limited's committee approved the allotment of 24,500 equity shares to employees under its 2018 stock option scheme.
The company's paid-up share capital increased from ₹374.27 crore to ₹374.25 crore due to the ESOP allotment.
The newly allotted shares will rank pari-passu with existing equity shares and are undergoing listing formalities.