Axis Trustee Services Limited, acting as the security agent for lenders to Verventa Holdings Ltd, has announced the formal release of an encumbrance (pledge) over 1,604,258,815 equity shares of YES Bank Limited. This transaction, effective April 20, 2026, involves shares representing 5.11% of the bank’s issued and paid-up share capital. Following this release, the security agent no longer holds these shares under encumbrance.
Details of the Share Release
The pledge over 1,604,258,815 equity shares of YES Bank Limited was officially released on April 20, 2026. These shares were previously held by the security agent in connection with a facility agreement provided to the borrower, Verventa Holdings Ltd. This release of encumbrance is treated as a disposal in accordance with applicable market standards.
Impact on Shareholding Structure
Before the release, the encumbered shares accounted for approximately 5.11% of the total issued and paid-up equity share capital of the bank. On a diluted basis, which considers the bank’s 31,761,663,732 total share count (inclusive of outstanding convertible securities), the holding represented 5.05%. With this action, the total shareholding under encumbrance by the security agent has been reduced to nil.
Context of the Transaction
This disclosure follows a series of previous updates regarding the status of these shares throughout 2023, 2024, and 2025. As of April 22, 2026, all necessary administrative steps for the release have been finalized, and the security agent confirms no further encumbered shares remain associated with this specific facility agreement.
Source: BSE
