SBICAP Trustee Releases Pledged Shares in ICICI Bank SBICAP Trustee Company Limited has announced the release of 212,101 equity shares of ICICI Bank Limited, marking a significant shift in the bank’s shareholding structure. The shares, which were previously held as collateral for a loan agreement with M/s. Sky Gold and Diamond Limited, were officially released on March 27, 2026. This transaction effectively removes any encumbered shares from the trustee’s holdings, reducing its stake in the bank to zero. The release of the pledged shares was confirmed through a formal communication issued by SBICAP Trustee Company Limited. The shares in question were part of a security arrangement for the borrower, Sky Gold and Diamond Limited, which had previously used them as collateral to secure financing. The formal execution of the release occurred on March 27, 2026, signaling the completion of the process to satisfy the underlying obligations tied to the loan. Prior to this release, the 212,101 shares represented approximately 0.0030% of ICICI Bank’s total share and voting capital. With the completion of the release, the trustee’s holdings of encumbered shares in the bank have been entirely discharged. This adjustment reflects the fulfillment of the security obligations associated with the borrower, effectively freeing the shares from any legal restrictions. SBICAP Trustee Company Limited operates as a security or debenture trustee, tasked with holding security interests created in its favor for the benefit of lenders and debenture holders. Its role is to enforce these security interests on behalf of financial institutions in the event of a borrower’s default.#sky_gold_and_diamond_limited #sbicap_trustee_company_limited #icici_bank_limited #shareholding_structure #financial_obligations
SBICAP Trustee Company Releases 212,101 Pledged Shares of ICICI Bank Limited SBICAP Trustee Company Limited announced the release of 212,101 pledged shares of ICICI Bank Limited on March 27, 2026, as part of its regulatory disclosure obligations. The shares, which represented 0.0030% of the bank's total share capital, were previously held as security for Sky Gold and Diamond Limited. This transaction marks the complete unwinding of the pledge arrangement, leaving SBICAP with no encumbered shares in ICICI Bank. The disclosure was made on April 1, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The release of the shares, which were held in trust for Sky Gold and Diamond Limited, effectively removes the encumbrance from ICICI Bank's equity structure. Prior to the transaction, SBICAP Trustee Company held 212,101 shares as encumbered holdings, equivalent to 0.0030% of the bank's total and voting capital. Following the release, the company's holdings status shows no encumbered shares, with total holdings reduced to zero. The shares were part of the bank's equity share capital, which comprises 7,150,672,709 equity shares of Rs. 2 each, aggregating to Rs. 14,301,345,418. These shares are listed on both the BSE Limited and National Stock Exchange of India Limited. SBICAP Trustee Company, which operates as a trustee entity, held the shares in its capacity as security trustee for Sky Gold and Diamond Limited, the borrower in the underlying transaction. The company does not engage in direct lending or borrowing activities. The release of the shares signifies that the financial obligation tied to the pledge has been fulfilled by Sky Gold and Diamond Limited.#icici_bank #sebi_regulations #bse_limited #sbicap_trustee_company #sky_gold_and_diamond_limited
