Divestment3 Jun 2026, 02:45 pm
Sharp Corp Sells 75% Stake in Sharp India
AI Summary
Sharp Corporation, Japan has disclosed the sale of 1,94,58,000 equity shares, representing 75.00% of the total equity, in Sharp India Limited. The sale was executed via an Off-Market Transfer pursuant to a Share Purchase Agreement dated April 14, 2026. This transaction signifies a major divestment by Sharp Corporation from its Indian subsidiary. The equity share capital of Sharp India remains unchanged at Rs 25,94,40,000, consisting of 2,59,44,000 equity shares of Rs 10.00 each, both before and after the sale.
Key Highlights
- Sharp Corporation divests 75% stake in Sharp India.
- Transaction executed via Off-Market Transfer on June 2, 2026.
- Sale follows a Share Purchase Agreement dated April 14, 2026.
- Sharp Corporation was the promoter/promoter group seller.
- No change in Sharp India's total equity share capital.
Price Impact
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