Acquisitions3 Jun 2026, 05:32 pm
Smart Services Acquires 75% Stake in Sharp India
AI Summary
Smart Services Private Limited has acquired a 75% stake in Sharp India Limited through an off-market purchase of 1,94,58,000 shares. The acquisition was executed in accordance with a Share Purchase Agreement dated April 14, 2026, with Sharp Corporation. This transaction significantly increases Smart Services' shareholding from 0% to 75% in Sharp India. The disclosure was made under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Smart Services Pvt Ltd acquired 75% stake in Sharp India.
- Transaction involved 1,94,58,000 shares via off-market purchase.
- Acquisition follows Share Purchase Agreement dated April 14, 2026.
- Shareholding increased from 0% to 75% for Smart Services.
- Disclosure made under SEBI Takeover Regulations.
Price Impact
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