Sharp India Ltd

📈 Sharp India Open Offer: Smart Services to Acquire 25% Stake at ₹10/Share

• Open offer for up to 64,86,000 equity shares (25.00% of total equity) at ₹10 per share

• Offer follows acquirer's agreement to purchase 1,94,58,000 shares (75.00%) from Sharp Corporation

• Post-acquisition, Smart Services will hold 100.00% and become new promoter

• Sharp India has been loss-making with net loss of ₹1,850.86 lakhs for nine months ended Dec 2025 and negative net worth

• Acquirer's net worth is ₹18,617.10 lakhs as of Dec 2025

• Financial guarantees arranged for offer consideration of up to ₹6.49 crores

• Offer price of ₹10 per share based on share purchase agreement valuation

• Tendering period: June 8, 2026 to June 19, 2026

• Payment to shareholders by July 6, 2026

• No minimum acceptance condition