Sharp Investments to Acquire 100% of Rajal Lefin via Share Swap

Sharp Investments Ltd announced a preferential issue of equity shares for a consideration other than cash, specifically a share swap. The objective is to acquire 45,85,860 equity shares of M/s. Rajal Lefin & Commercial Private Limited (RLCPL), representing 100% of RLCPL's paid-up equity share capital. The company plans to issue up to 27,51,51,600 equity shares of Rs. 1 each at a price of Rs. 1 per share on a preferential basis to non-promoters. The acquisition is intended to be completed within 15 days from shareholder approval or regulatory approvals, whichever is later. The allottees include Wonderland Paper Suppliers Private Limited, Pears Mercantiles Private Limited, and others.