Anand Rathi Financial Services (ARFSL), a promoter of Anand Rathi Wealth, recently executed a swap in its pledged shares.

On June 8, ARFSL released a pledge on 11.90 lakh shares (0.72% of Anand Rathi Wealth's total capital) previously held by Suresh Rathi Securities Limited.

Simultaneously, ARFSL created a new pledge on the *same* 11.90 lakh shares, transferring them to Yes Bank Limited as collateral.

This transaction represents a shift of pledged shares between lenders rather than a change in the overall encumbered stake.

The total percentage of ARFSL's pledged shares in Anand Rathi Wealth remains unchanged at 5.33%.