The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 28, 2026 for Visa International Ltd
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Visa International Limited, the promoter of Visa Steel Limited, has released pledge on 2,37,87,833 equity shares representing 16.32% of the total share capital. The shares were previously pledged in favor of State Bank of India. The pledge release event took place on 24 April 2026 and was reported to the exchanges on 28 April 2026. This disclosure is made under SEBI (SAST) Regulations 2011 and SEBI (PIT) Regulations 2015. The promoter now holds 16.32% of the total share capital in Visa Steel Limited.
The release of pledge on 16.32% shares reduces the encumbrance on the promoter's stake and signals improved financial flexibility. This is generally viewed positively by the market as it indicates reduced risk of forced share sale by lenders and healthier promoter finances.