The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for VISA Infra Ltd
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VISA Infra Limited (promoter group entity) has released a pledge on 1,82,87,167 equity shares of VISA Steel Limited, representing 12.54% of the total share capital. The release was executed on 24 April 2026. Before the release, 4,43,87,167 shares (30.45% of total capital) were encumbered. After the release, the encumbered shares have reduced to 2,61,00,000 shares (17.91% of total capital). VISA Infra Limited's total holding in VISA Steel Limited remains unchanged at 4,43,87,167 shares (30.45% of total share capital of 14,57,89,500 equity shares).
The pledge release reduces the encumbrance on promoter holdings from 30.45% to 17.91%, indicating improved financial flexibility for the promoter entity. This is a positive signal as it shows reduced debt burden or improved collateral position, though the promoter's overall stake remains unchanged.