SBI Trustee Releases Pledged Shares of HDFC Bank and ICICI Bank Linked to Sky Gold

SBI Trustee Releases Pledged Shares of HDFC Bank and ICICI Bank

SBI Trustee Company Ltd (STCL) has informed the stock exchanges that it has released pledged shares of HDFC Bank and ICICI Bank, which were held in its favor as Security Trustee for Sky Gold and Diamonds. The filings show that the pledged shares were released on March 27, 2026, and that SBI Trustee now holds no encumbered shares in either HDFC Bank or ICICI Bank after the release.

In simple terms, SBI Trustee was holding these shares as a security trustee on behalf of lenders in connection with Sky Gold and Diamonds. This means the shares were kept as security, and the latest filings only reflect that this security has now been released. The details of the pledged shares are as follows:

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The filing also mentioned that HDFC Bank's total equity share capital stood at 15,38,45,77,216 equity shares of ₹1 each, aggregating ₹15,38,45,77,216, based on the bank's December 2025 shareholding pattern. Similarly, ICICI Bank's total equity share capital stood at 7,15,06,72,709 equity shares of ₹2 each, aggregating ₹14,30,13,45,418, as per the December 2025 shareholding pattern.

Pledged shares are essentially shares kept as collateral against a borrowing or financial obligation. In such arrangements, the borrower offers shares as security to a lender or trustee. If the obligation is met, the shares are released. If there is a default, the lender or trustee may have the right to invoke or sell those shares. In this case, the filings indicate that the shares of HDFC Bank and ICICI Bank that were earlier held as security have now been released.