The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for VISA Industries Ltd
VISACHROME · price
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VISA Industries Limited acquired 44,387,167 equity shares (30.45%) of VISA Chrome Limited from VISA Infrastructure Limited, following an NCLT order dated 21 April 2026 sanctioning a Scheme of Arrangement. As a result, VISA Industries' stake in VISA Chrome rose sharply from 31.96% (4,65,90,000 shares) to 62.40% (9,09,77,167 shares), crossing the 50% threshold. The acquisition is exempted from an open offer requirement under Regulation 10(1)(d)(ii), as it arose from a court-approved demerger/scheme rather than a direct voluntary purchase.
VISA Industries now holds a clear majority (62.40%) in VISA Chrome, significantly strengthening control over the target. The substantial jump in promoter holding may be viewed positively for governance but will limit further public share participation.