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Sunday, April 10, 2011

Federal Bank Ltd: Outcome of Compensation Committee Meeting

Federal Bank Ltd has informed BSE that the compensation Committee of the Board of the Bank in its meeting held on April 08, 2011 approved the grant of 33,43,350 stock options (representing 33,43,350 equity shares of the Bank having face value of Rs. 10 each) with exercise price of Rs. 420.65 per option to certain eligible employees of the Bank under the Employees' Stock Option Scheme 2010 of Federal Bank.

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