Asia II Topco XIII Pte. Ltd. has completed a substantial acquisition of warrants in federal bank through preferential allotment, marking a significant investment in the private sector lender. The Singapore-based entity acquired 27,29,74,043 warrants on February 16, 2026, as disclosed under SEBI's substantial acquisition regulations.

Acquisition Details

The warrant acquisition was executed through preferential allotment at INR 227 per warrant. Each warrant provides the right to subscribe to one fully paid equity share of Federal Bank with a face value of INR 2 and premium of INR 225 per share.

Shareholding Pattern Impact

The acquisition significantly alters Asia II Topco XIII's position in Federal Bank, moving from zero holdings to a substantial stake in the diluted capital structure.

Warrant Terms and Exercise Period

The warrants carry specific terms governing their conversion into equity shares. They are exercisable within 18 months from the allotment date, allowing flexibility for conversion in one or more tranches. The exercise period may be shortened based on terms outlined in the Investment Agreement executed between Federal Bank and Asia II Topco XIII on October 24, 2025.

Federal Bank's Capital Structure

Federal Bank's equity share capital remains unchanged at INR 492,60,74,622, comprising 246,30,37,311 equity shares of INR 2 face value each. However, the total diluted share capital, accounting for outstanding warrants and employee stock options, stands at INR 551,80,11,470, consisting of 275,90,05,735 equity shares.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. Asia II Topco XIII, represented by Director Lixian Wang, confirmed it does not belong to the promoter or promoter group of Federal Bank. The company has fulfilled all mandatory disclosure requirements to NSE, BSE, and Federal Bank following the warrant allotment.

Federal bank Limited has completed the allotment of equity shares under its Employee Stock Option Schemes (ESOS) on February 08, 2026. The allotment, totaling 1,62,531 equity shares, was executed following approval from the bank's Nomination, Remuneration, Ethics and Compensation Committee.

Scheme-wise Share Allotment Details

The allotment was distributed across two distinct ESOS schemes, with shares allocated to option grantees upon exercise of their stock options:

Allotment Process and Compliance

The share allotment was completed after the option grantees made the required payments for exercising their stock options. Federal Bank communicated this development to both the National Stock Exchange of India Limited and BSE Limited through a formal notification dated February 08, 2026.

The communication was signed by Samir P Rajdev, Company Secretary of Federal Bank Limited, and filed under reference number SEC/ESOS/421/2025-26. The bank has requested both stock exchanges to take the allotment details on record as part of regulatory compliance requirements.

ESOS Implementation

The Employee Stock Option Schemes represent Federal Bank's commitment to employee participation in the bank's growth through equity ownership. The exercise of options under both the 2010 and 2017 schemes demonstrates continued employee confidence in the bank's prospects. All allotted shares carry equal rights and are fully paid-up equity shares of the bank.