Deutsche Bank AG has announced the full release of encumbrance over a significant block of shares held by Verventa Holdings Ltd (VHL) in YES Bank Limited. The security interest, which covered 2,664,580,360 shares—representing 8.49% of the target company’s issued capital—was formally lifted on April 17, 2026. This disclosure reflects a major change in the underlying security structure associated with the facility agreement involving VHL and various lenders.
Details of the Share Release
Following a facility agreement originally established on April 24, 2023, security was created over shares held by Verventa Holdings Ltd (VHL) for the benefit of lenders, with Deutsche Bank AG acting via its offshore security agent, DB Trustees (Hong Kong) Limited. On April 17, 2026, all restrictions and security interests over these 2,664,580,360 shares were fully released.
Impact on Stakeholding
Prior to this release, the encumbered shares accounted for approximately 8.49% of the total issued and paid-up share capital of YES Bank Limited. With the release of these encumbrances, the indirect security interest held by the DB Trustee has been effectively extinguished. Other Deutsche Bank entities continue to hold an independent interest of 12,977,886 shares, which represents 0.04% of the target company’s total voting capital.
Context of the Transaction
This development follows the fulfillment of conditions related to the facility agreement. As of April 17, 2026, individual lenders such as Nomura Singapore Limited maintain independent interests in the target company, though these represent a minimal portion of the overall equity. The release marks the conclusion of the specific security arrangements that were previously in place since July 2023.
Source: BSE
