Navigant Corporate Advisors appointed as Manager for an open offer by Smart Services Private Limited to acquire up to 64.86 lakh shares.
The offer, triggered by a Share Purchase Agreement to buy 75% from Sharp Corporation, is for 25% of Sharp India's capital at ₹10/share.
The total consideration payable by the acquirer, assuming full acceptance, will be ₹6.49 crore, paid entirely in cash.
This offer is not conditional on any minimum level of acceptance and is not a competitive bid.