ACRE Acquires Shares of VISA Chrome Ltd, Increasing Stakeholder Holding
Assets Care & Reconstruction Enterprise Limited (ACRE) has acquired shares in VISA Chrome Limited, increasing its stake in the company. The acquisition was executed through the open market and represents a significant addition to ACRE's holding in the target company.The acquisition took place on June 22, 2026, as part of a larger sales period that ran from June 10, 2026, to June 22, 2026.
ACRE, acting as the sole trustee for various trusts—including ACRE-32-Trust, ACRE-42-Trust, and others mentioned in the disclosure—acquired 48,75,572 shares of VISA Chrome Limited (formerly known as VISA Steel Limited). This transaction accounted for 3.34% of the total shareholding based on equity shares and 2.94% against the diluted share/voting capital of the company.
Prior to this acquisition, ACRE held 23,787,833 shares carrying voting rights, representing 16.32% of the total shares and 14.35% of the diluted share/voting capital. Following the open market purchase, the consolidated holding stands at 1,89,12,261 shares, translating to 12.97% of the total shares and 11.41% against the diluted share/voting capital.
Shareholding and Capital Summary
The table below outlines the status of the shareholding before and after the acquisition by ACRE in VISA Chrome Limited.| Metric | Before Acquisition | Acquired Shares | After Acquisition (Total Holding) |
|---|---|---|---|
| Shares Carrying Voting Rights | 23,787,833 | 48,75,572 | 1,89,12,261 |
| Percentage of Total Shares | 16.32% | 3.34% | 12.97% |
| Percentage of Diluted Capital | 14.35% | 2.94% | 11.41% |
Financial Details of the Target Company
The acquisition details also provided insights into VISA Chrome Limited’s capital structure. Prior to the transaction, the equity share capital and total voting capital stood at INR 1,45,78,95,000, comprising 14,57,89,500 equity shares of face value of INR 10/-each.Following the acquisition, the company's total diluted share/voting capital reached INR 1,65,78,95,000, comprising 16,57,89,500 equity shares of face value of INR 10/-each.
VISACHROME Stock Price Movement
Shares of VISA Chrome Limited are edging higher to ₹44.50 as of 11:08 AM today, gaining 0.43% in live trading. The equity saw active buying interest with a volume of 33,301 shares recorded thus far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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