Shareholding18 May 2026, 12:26 pm
VISA Industries Raises Stake in VISA Chrome to 62.40%
AI Summary
VISA Industries Ltd. acquired 44,387,167 equity shares of VISA Chrome Limited (formerly VISA Steel Limited) from VISA Infrastructure Limited (now VISA Infra Limited) pursuant to an order by the National Company Law Tribunal (NCLT) sanctioning a Scheme of Arrangement. This acquisition increased VISA Industries' shareholding in VISA Chrome from 31.96% to 62.40%. The transfer was exempt from requiring an open offer under Regulation 10(1)(d)(iii) of SEBI regulations.
Key Highlights
- VISA Industries' stake in VISA Chrome rises from 31.96% to 62.40%.
- Acquisition of 44,387,167 shares from VISA Infrastructure.
- Transaction exempt from open offer requirements under SEBI regulations.
- Acquisition follows NCLT approval of Scheme of Arrangement.
Price Impact
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