Open Offer4 Jun 2026, 02:45 pm
Sharp India: Open Offer Letter Submitted for 25% Stake
AI Summary
Navigant Corporate Advisors Ltd., acting as the Manager to the Offer, has submitted a Letter of Offer to BSE for the equity shareholders of Sharp India Ltd. This open offer, made by Smart Services Private Limited, aims to acquire up to 64,86,000 equity shares, representing 25.00% of the company's fully paid-up equity and voting share capital, at a price of ₹10 per share. The offer is being made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares/voting rights accompanied by a change in control. No statutory approvals are currently required for this offer.
Key Highlights
- Open offer by Smart Services Private Limited for Sharp India Ltd.
- Acquisition of up to 25% stake at ₹10 per share.
- Offer made under SEBI (SAST) Regulations, 2011.
- No minimum acceptance level required.
- No statutory approvals needed at this stage.
Price Impact
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