The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 19, 2026 for Visa Infra Ltd
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VISA Infra Limited (formerly VISA Infrastructure Limited) has made a revised disclosure regarding changes in encumbrance and promoter status for VISA Chrome Limited (formerly VISA Steel Limited). On 24 April 2026, State Bank of India released pledge on 1,82,87,167 shares (12.54% of total share capital) as part of a settlement with Assets Care & Reconstruction Enterprise Limited (ACRE). Separately, pursuant to an NCLT order dated 21 April 2026 sanctioning a Scheme of Arrangement between VISA Infra Limited and VISA Industries Limited, 44,387,167 equity shares (30.45%) held by VISA Infra Limited were transferred to VISA Industries Limited. As a result, VISA Infra Limited is no longer a promoter or shareholder of VISA Chrome Limited. Prior to the transfer, the encumbered shares represented 48.79% of the promoter holding.
VISA Infra Limited has completely exited as a promoter of VISA Chrome Limited following the NCLT-approved scheme. The pledge release by State Bank of India signals debt resolution with ACRE. Shareholders should note the significant change in the promoter shareholding structure with the transfer of 30.45% stake to VISA Industries Limited.