Open Offer14 Apr 2026, 06:21 pm
Smart Services to acquire 25% of Sharp India via Open Offer at ₹10/share
AI Summary
Smart Services Private Limited has announced an open offer to acquire up to 64,86,000 equity shares of Sharp India Limited, representing 25% of its voting share capital. The offer price is ₹10 per share. This open offer is triggered by a Share Purchase Agreement dated April 14, 2026, between Smart Services and Sharp Corporation, the existing promoter of Sharp India. The offer aims to acquire the entire public shareholding of Sharp India, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Smart Services to acquire 25% of Sharp India.
- Open offer price set at ₹10 per share.
- Acquisition targets 64.86 lakh equity shares.
- Offer triggered by promoter share purchase agreement.
- Aims to acquire entire public shareholding.