Assets Care & Reconstruction Enterprise Limited (ACRE) has revised its disclosure regarding the sale of equity shares in Visa Chrome , increasing the reported volume by 4,747 units. The updated figure stands at 67,60,000 shares sold in the open market on August 27, 2026.

The revision was filed on August 31, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ACRE informed the stock exchanges that its stock broker executed an additional 4,747 shares on the same day as the original transaction, necessitating the corrected filing.

Transaction Details

Prior to the transaction, ACRE held 1,05,63,899 shares, representing 7.25% of the voting capital. The revised sale reduces this holding to 38,03,899 shares, or 2.61% of the voting capital and 2.29% of the diluted voting capital. This is a slight decrease from the previously reported post-sale holding of 38,08,646 shares (2.61% voting, 2.30% diluted).

Visa Chrome’s total equity share capital remains unchanged at ₹1,45,78,95,000, comprising 14,57,89,500 equity shares of face value ₹10 each. The total diluted share capital stands at ₹1,65,78,95,000.

What the Numbers Show

The correction is minor in scale but ensures regulatory accuracy for ACRE’s exit strategy. The stake reduction continues to drop ACRE’s holding below the 5% threshold, reinforcing its position as a non-substantial shareholder. The additional 4,747 shares represent less than 0.07% of the total shares sold, indicating a negligible impact on the overall valuation or control dynamics of the target company.

Al Maha Investment Fund PCC-Onyx Strategy has disclosed the acquisition of a substantial stake in Visa Chrome Limited, formerly known as Visa Steel Limited. The Mauritius-based fund purchased 7,894,000 equity shares carrying voting rights on August 17, 2026, through open market transactions. This acquisition brings the fund's total holding to 5.4146% of the company's equity share capital and 4.7615% of its fully diluted capital.

Acquisition details

The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The fund confirmed that it held no prior interest in the company before this transaction. The shares acquired are standard equity shares with no conversion or redemption terms applicable.

Capital structure context

Visa Chrome Limited has a total equity share capital of 14,57,90,000 shares. The fully diluted share capital, which includes outstanding warrants and convertible securities, stands at 165,789,500 shares. The difference between the two percentages (5.4146% vs 4.7615%) highlights the dilution impact of these potential future issuances on the acquirer's effective ownership stake.

What the Numbers Show

The divergence between the percentage of voting capital (5.4146%) and fully diluted capital (4.7615%) indicates that approximately 13% of the fully diluted base consists of instruments other than current equity shares. For an investor holding a block of this size, the dilution from convertible securities could reduce their proportional influence if all warrants are exercised, a factor to monitor in subsequent filings regarding the company's capital structure changes.