Axis Trustee Services Limited, acting as the onshore security agent, has disclosed a new pledge of shares involving Yes Bank Limited. Verventa Holdings Ltd has encumbered 2,664,580,360 equity shares of the bank in favor of lenders, effective May 11, 2026. This quantity represents 8.49% of the total issued and paid-up share capital, and 8.39% of the target company’s total diluted share and voting capital.
Details of the Share Encumbrance
As per the latest corporate filing, a facility agreement was executed on April 15, 2026, between Verventa Holdings Ltd (the borrower) and various lenders. To secure the facility, a pledge was formally created over 2,664,580,360 fully paid-up equity shares of Yes Bank Limited. This action, effective May 11, 2026, constitutes an encumbrance on 8.49% of the bank’s issued share capital.
Security Agent and Beneficial Interest
Axis Trustee Services Limited is acting as the onshore security agent for this transaction. The company has clarified that, while it serves as the pledgee, it holds no beneficial interest in the underlying shares. The arrangement serves solely to protect the interests of the lenders involved in the facility agreement.
Related Security Arrangements
The disclosure also highlights separate security measures involving Verventa Midco Limited, which granted security over its shares in favor of DB Trustees (Hong Kong) Limited on April 15, 2026. Additionally, certain restrictions have been placed on Verventa Holdings Ltd regarding their holdings in the bank since April 20, 2026, ensuring a comprehensive security structure for the involved financial parties.
Source: BSE
