yum update fails with "initscripts-9.49.xx-x.el7_x.x.x86_64 conflicts redhat-release < 7.5-0.11" error.

Issue

• yum update fails with initscripts-9.49.xx-x.el7_x.x.x86_64 conflicts redhat-release < 7.5-0.11 error.

  # yum update
  Loaded plugins: changelog, product-id, rhnplugin, search-disabled-repos, subscription-manager, tmprepo, verify, versionlock
  This system is receiving updates from RHN Classic or Red Hat Satellite.
  Resolving Dependencies
  --> Running transaction check
  ---> Package initscripts.x86_64 0:9.49.39-1.el7 will be updated
  ---> Package initscripts.x86_64 0:9.49.41-1.el7 will be an update
  --> Processing Conflict: initscripts-9.49.41-1.el7.x86_64 conflicts redhat-release < 7.5-0.11
  --> Finished Dependency Resolution
  Error: initscripts conflicts with redhat-release-server-7.2-9.el7.x86_64
  You could try using --skip-broken to work around the problem
  You could try running: rpm -Va --nofiles --nodigest
  

• Processing Conflict: initscripts-9.49.41-1.el7.x86_64 conflicts redhat-release < 7.5-0.11 error is seen while updating a client system.