Sharp India Ltd

📉 Open Offer for Sharp India Ltd: Rs. 10/Share for 25% Stake

- Offer price: Rs. 10 per share for up to 64,86,000 equity shares (25% of total)

- Acquirer’s net worth: Rs. 18,617.10 lakhs as of Dec 31, 2025

- Escrow arrangement: Rs. 6.486 crore (1% cash, 99% bank guarantee) with ICICI Bank

- Sharp India’s net worth: Negative (-Rs. 13,641.43 lakhs as of Dec 31, 2025)

- No production since 2015; relies on support from Sharp Corporation

- Offer price based on share purchase agreement; infrequent trading (2.93% annualized turnover)

- Tendering period: June 8 to June 19, 2026; payment to shareholders by July 6, 2026

- Post-acquisition plans: Take control, reconstitute board, and potentially diversify business

- No minimum acceptance condition; no differential pricing