SBI Trustee Company has released pledged shares of HDFC Bank and ICICI Bank that were previously held as collateral security linked to Sky Gold and Diamonds. The release took place on March 27, 2026.
Following the share release, neither HDFC Bank nor ICICI Bank now has any encumbered shares outstanding against this particular arrangement. The move marks the complete settlement of the security position held by SBI Trustee in connection with the Sky Gold and Diamonds matter.
Pledged shares represent equity held as security for loans or other obligations. The release of these shares indicates that the underlying liability or security requirement has been satisfied or resolved. This development is relevant for investors tracking the shareholding patterns and encumbrances of India’s major banking stocks on the NSE and BSE.
The action by SBI Trustee underscores the clearance of contingent liabilities that were previously attached to shares of these two prominent financial institutions. Both HDFC Bank and ICICI Bank are among India’s largest private sector banks and key constituents of major equity indices.
Source: Read original