The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Trustee Services Ltd
YESBANK · price
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Verventa Holdings Ltd (VHL) has created a pledge over 2.66 billion shares of Yes Bank Ltd (representing 8.49% of issued share capital and 8.39% of total diluted voting capital) in favour of Axis Trustee Services Ltd. The pledge was created on 11 May 2026 as security for a facility agreement entered into by VHL as borrower. Axis Trustee Services Ltd is acting as the onshore security agent for the lenders. VHL clarified that the pledgee does not hold any beneficial interest in the shares. Separately, additional security has been created by Verventa Midco Limited over VHL's shares with DB Trustees (Hong Kong) Limited as security agent. The total share capital of Yes Bank remains unchanged at approximately 31.38 billion fully paid-up equity shares.
This pledge encumbrance on 8.49% of Yes Bank shares indicates VHL has taken on debt using its Yes Bank stake as collateral. While no immediate ownership change occurs, it signals potential selling pressure if the loan defaults and the pledge is invoked, which could affect the stock negatively.