Axis Trustee Services Discloses Pledge of 2,664,580,360 YES Bank Shares by Verventa Holdings Ltd Under SEBI Takeover Regulations

2 min read     Updated on 14 May 2026, 10:34 AM
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Axis Trustee Services Limited has disclosed the creation of a pledge over 2,664,580,360 equity shares of YES Bank Limited by Verventa Holdings Ltd, representing 8.49% of the issued and paid-up share capital and 8.39% of the total diluted share/voting capital, effective May 11, 2026. The pledge was created in favour of Axis Trustee Services Limited as onshore security agent under a facility agreement dated April 15, 2026, for the benefit of lenders including Deutsche Bank Aktiengesellschaft, Nomura Singapore Limited, and Citibank N.A., London Branch. Additional security arrangements involving Verventa Midco Limited and DB Trustees (Hong Kong) Limited were separately disclosed on April 21 and April 22, 2026. As on May 11, 2026, Nomura Singapore Limited independently holds an interest in 18,877,700 equity shares of YES Bank Limited, constituting approximately 0.06% of the target company's shareholding.

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Axis Trustee Services Limited has filed a regulatory disclosure under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the "Takeover Code"), pertaining to the creation of a pledge over equity shares of YES Bank Limited by Verventa Holdings Ltd ("VHL"). The disclosure, dated May 13, 2026, was submitted to BSE Limited and the National Stock Exchange of India Limited, with a copy marked to YES Bank Limited.

Pledge Creation and Facility Background

The pledge was created in connection with a facility agreement dated April 15, 2026, entered into between VHL (as borrower) and certain lenders. Under this arrangement, VHL has pledged its entire holding of equity shares in YES Bank Limited in favour of Axis Trustee Services Limited, acting as the onshore security agent for the benefit of the lenders. The encumbrance was created with effect from May 11, 2026.

The lenders under the facility, as at the date of the disclosure, include:

  • Deutsche Bank Aktiengesellschaft
  • Nomura Singapore Limited
  • Citibank N.A., London Branch
  • Certain other lenders

Details of Shares Pledged

The following table summarises the key details of the encumbrance disclosed under Part-A of the regulatory filing:

Parameter: Details
Target Company: YES Bank Limited
Acquirer/Security Agent: Axis Trustee Services Limited (Onshore Security Agent)
Pledgor: Verventa Holdings Ltd
Number of Shares Pledged: 2,664,580,360 equity shares
% of Total Share/Voting Capital: 8.49%
% of Total Diluted Share/Voting Capital: 8.39%
Date of Encumbrance Creation: May 11, 2026
Mode of Acquisition: Creation of encumbrance (pledge)
Facility Agreement Date: April 15, 2026

Share Capital of YES Bank Limited

The equity share capital of YES Bank Limited before and after the creation of the pledge remains unchanged. The table below presents the relevant capital structure details:

Capital Parameter: Details
Total Paid-Up Equity Shares (Before & After): 31,379,757,057 fully paid up equity shares of INR 2/- each
Total Diluted Share/Voting Capital (After): 31,761,663,732 equity shares of INR 2/- each (31,379,757,057 fully paid up equity shares + 381,906,675 shares underlying outstanding convertible securities)

Additional Security Arrangements

Separately, security has also been created on all shares of VHL by Verventa Midco Limited ("VML") in favour of DB Trustees (Hong Kong) Limited, acting as security agent, for the benefit of the lenders pursuant to a share pledge agreement dated April 15, 2026. Additionally, certain restrictions were placed on VHL in relation to its shares in YES Bank Limited with effect from April 20, 2026. DB Trustees (Hong Kong) Limited filed separate disclosures in relation to these arrangements on April 21, 2026 and April 22, 2026, respectively. The same shares are also being disclosed as encumbered pursuant to the current filing by Axis Trustee Services Limited.

Nomura Singapore Limited's Independent Interest

As on May 11, 2026, Nomura Singapore Limited, being one of the lenders, independently holds an interest in 18,877,700 equity shares of YES Bank Limited (pursuant to certain futures), aggregating to approximately 0.06% shareholding in the target company. Axis Trustee Services Limited has clarified that, as at the date of this disclosure, it does not hold any beneficial interest in the pledged shares and holds them solely in its capacity as pledgee under Regulation 29 of the Takeover Code.

Historical Stock Returns for Yes Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.54%-1.95%+16.90%-1.91%+5.30%+67.20%

If Verventa Holdings Ltd defaults on the facility agreement, how might a forced sale of 8.49% of YES Bank's shares impact the bank's stock price and ownership structure?

Could the pledge of such a significant stake trigger a mandatory open offer under SEBI's Takeover Code if lenders exercise their rights over the pledged shares?

Who are the ultimate beneficial owners of Verventa Holdings Ltd, and what does this complex multi-layered security structure suggest about their long-term strategic intentions toward YES Bank?

YES BANK Schedules Analyst Meet at JM Financial India Finance Forum, June 22-24

1 min read     Updated on 14 May 2026, 09:10 AM
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YES BANK LIMITED has disclosed its participation in the JM Financial India Finance Forum, a physical conference in Mumbai scheduled for June 22-24, 2026, involving group and one-on-one meetings with analysts and institutional investors. The disclosure, signed by Company Secretary Sanjay Abhyankar on May 13, 2026, confirms that no unpublished price sensitive information will be shared during the event, in compliance with SEBI Listing Regulations.

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YES BANK LIMITED has informed the stock exchanges of its upcoming participation in an analyst and institutional investor conference, in compliance with Regulation 30 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made on May 13, 2026, and pertains to an advance intimation of the scheduled investor engagement.

Investor Meet Details

The bank is set to participate in the JM Financial India Finance Forum, a physical conference to be held in Mumbai. The event will feature both group meetings and one-on-one (1x1) sessions with analysts and institutional investors. The key details of the scheduled event are as follows:

Parameter: Details
Event Name: JM Financial India Finance Forum
Date: June 22-24, 2026
Mode: Physical
Nature of Meeting: Group / 1x1 Meetings
Location: Mumbai

Regulatory Compliance and Disclosures

The bank has noted that the schedule is subject to change due to exigencies on the part of investors or the bank. A list of participants will be submitted post the investor meet. YES BANK LIMITED has explicitly stated that no unpublished price sensitive information is proposed to be shared during the meetings or calls.

The information is being hosted on the bank's website at www.yes.bank.in pursuant to the applicable Listing Regulations. The disclosure was signed by Sanjay Abhyankar, Company Secretary, on behalf of YES BANK LIMITED, on May 13, 2026.

Historical Stock Returns for Yes Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.54%-1.95%+16.90%-1.91%+5.30%+67.20%

What key financial metrics or strategic updates is YES BANK likely to highlight to rebuild institutional investor confidence at the JM Financial India Finance Forum?

How might YES BANK's participation in this forum influence its institutional shareholding pattern and analyst coverage in the second half of 2026?

Could increased engagement with institutional investors signal YES BANK's preparation for a potential capital raise, equity offering, or major strategic announcement in the near term?

More News on Yes Bank

1 Year Returns:+5.30%