The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Visa Industries Ltd
VISACHROME · price
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VISA Industries Limited (promoter group acquirer) increased its stake in VISA Chrome Limited (formerly VISA Steel Limited) from 31.96% to 62.40% after acquiring 44,387,167 shares (30.45%). The acquisition was pursuant to an NCLT order dated 21 April 2026, received on 13 May 2026, sanctioning a Scheme of Arrangement between VISA Infrastructure Limited and VISA Industries Limited. Shares were transferred from VISA Infrastructure Limited to VISA Industries Limited as part of this court-approved internal restructuring. Post-acquisition holding stands at 90,977,167 equity shares representing 62.40% of the diluted capital.
The promoter group has consolidated control with a 62.40% stake, well above the 50% threshold. This internal restructuring through NCLT route strengthens promoter holding without triggering open offer requirements applicable to market acquisitions.