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Shares of Federal Bank shed 8 percent in intra-day deals on Tuesday as investors booked profit in the lender amid an overall weak market environment. Both Nifty Bank as well as Nifty also lost 0.2 percent in intra-day deals today.
The shares of Federal Bank on Friday at 3:30pm IST were at Rs 134.85, down by 0.41 percent.
The face value of the equity shares will be Rs 2 each.
The Federal Bank Limited announced that as approved by the Nomination, Remuneration, Ethics, and Compensation Committee, the bank is allotting 1,60,286 equity shares with a face value of Rs. 2 each, via an exchange filing.
Aditya Birla's UltraTech Cement allots 3,140 equity shares