Sharp India Submits Open Offer Letter to SEBI

Sharp India Ltd has submitted a Letter of Offer to SEBI for an open offer, as required by the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is being made by Smart Services Private Limited 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. This open offer is for substantial acquisition of shares accompanied by a change in control and is not conditional upon any minimum acceptance level. No statutory approvals are currently required for this offer.