The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Assets Care & Reconstruction Enterprise Ltd
VISACHROME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Assets Care & Reconstruction Enterprise Limited (ACRE) has invoked the pledge on 2,37,87,833 equity shares (16.3% of total share capital, 14.3% of diluted capital) of VISA Chrome Limited, originally pledged by Visa International Ltd. to secure the company's restructured credit facilities. The pledge invocation notice was issued on June 02, 2026, and the pledge was formally invoked on June 05, 2026. As a result of this invocation, ACRE's holding moved from being pledged/encumbered shares to outright equity shares carrying full voting rights. ACRE is acting as trustee for multiple security receipt trusts that lent to the company. Sale proceeds from these shares will be used to recover outstanding dues under the restructured credit facilities.
This is a negative signal for shareholders — it indicates the company failed to meet obligations under its restructured credit facilities, forcing its lender (ACRE) to take control of a significant stake. ACRE may now look to sell these shares in the market to recover dues, which could create selling pressure and overhang on the stock price.