Smart Services Private Limited is making a mandatory open offer to acquire up to 64,86,000 equity shares (25%) of Sharp India Limited at ₹10 per share.
The offer is triggered by a Share Purchase Agreement to acquire 75% stake from Sharp Corporation, resulting in a change of control and making Smart Services the new promoter.
The total offer consideration is ₹6.49 crore, fully secured by a bank guarantee, with the tender period scheduled from June 8 to June 19, 2026.
Sharp India has negative net worth and no operational business since 2015, while the acquirer plans to continue the listing and potentially diversify operations.