Assets Care Invokes Pledge Over Shares of VISA Chrome Ltd
Assets Care & Reconstruction Enterprise Limited (ACRE) has invoked a pledge over equity shares of VISA Chrome Limited (formerly known as VISA Steel Limited), following the entity's security for credit facilities. The action was completed on June 05, 2026.The invocation pertains to the shares pledged by Visa International Limited to ACRE. ACRE is acting in its capacity as sole trustee of numerous trusts, including ACRE-32-Trust, ACRE-42-Trust, and others, representing security receipt holders.
ACRE has invoked the pledge over 23,787,833 equity shares of VISA Chrome Limited, which were held by Visa International Limited to secure credit facilities for the Target Company. As a result of this invocation, it was confirmed that any proceeds from the sale of these shares will be utilized toward repaying outstanding amounts under the restructured credit facilities.
Key details regarding the shares and capital structure are provided below:
| Metric | Before Invocation | After Invocation (Pledge Enforcement) |
|---|---|---|
| Shares in Encumbrance | 23,787,833 | 23,787,833 |
| Shareholding Percentage (W.r.t. Total Shares) | 16.3% | 16.3% |
| Shareholding Percentage (W.r.t. Diluted Capital) | 14.3% | 14.3% |
The financial status of the Target Company before and after this action is as follows:
| Financial Detail | Before Invocation | After Invocation |
|---|---|---|
| Total Equity Share Capital / Voting Capital | INR 1,45,78,95,000 (14,57,89,500 shares of INR 10/- face value) | INR 1,45,78,95,000 (14,57,89,500 shares of INR 10/- face value) |
| Total Diluted Share / Voting Capital | N/A | INR 1,65,78,95,000 (16,57,89,500 shares of INR 10/- face value) |
This transaction involves the encumberance and subsequent invocation of pledged shares by Assets Care & Reconstruction Enterprise Limited on behalf of the security receipt holders.
VISACHROME Stock Price Movement
At 3:09 PM, shares of VISA Chrome Limited hold steady in live trading at ₹48, managing a flat movement despite market volatility. The stock trades within an intraday range stretching from ₹46.1 to its daily high of ₹48, with 15,869 shares recorded so far today.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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