Deutsche Bank AG, acting as an agent for various lenders, has provided notice regarding the creation of a direct encumbrance over 2,664,580,360 equity shares of Yes Bank Limited. These shares represent approximately 8.49% of the total issued and paid-up capital of the bank. This action follows an existing facility agreement and reflects the formalization of security interests held by lenders in connection with a loan facility provided to Verventa Holdings Ltd.
Details of Share Encumbrance
As of 20 April 2026, a direct encumbrance has been created over 2,664,580,360 shares of Yes Bank Limited. These shares are held by the borrower, Verventa Holdings Ltd. The encumbrance is established in favor of Deutsche Bank AG, Hong Kong Branch, serving as the agent for the lending consortium. This development is part of a broader security arrangement involving multiple entities, including the borrower’s parent company, Verventa Midco Limited, to secure loan facilities.
Impact on Shareholding Structure
The encumbered shares account for 8.49% of the total share capital and 8.39% of the total diluted share capital of the target company. The total share capital of Yes Bank stands at over 31.37 billion fully paid-up equity shares. This disclosure ensures transparency regarding the security interest held by the lenders over a significant portion of the equity held by the promoter-linked borrower.
Strategic Context
The creation of this direct security interest is a regulatory compliance measure resulting from the underlying credit facility. Aside from the shares managed by the agent, other Deutsche Bank entities independently maintain a minimal interest in approximately 12,977,886 shares, representing 0.04% of the total shareholding. The current arrangement consolidates the security position of the lending group, with the relevant filings made to confirm the status of these assets as of April 2026.
Source: BSE
