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Smart Services Private Limited
9 articles
Smart Services Private Limited's acquisition of a 75% stake in Sharp India Limited from Sharp Corporation has triggered a mandatory open offer to acquire an additional 25% stake, though the initial response has been minimal. Despite setting aside ₹6.49 crore and securing a bank guarantee, only 101 shares were tendered out of the 6.486 million offered, resulting in a significantly lower consideration paid. Sharp India, which has consistently reported operational losses and a negative net worth, presents a challenging turnaround opportunity for Smart Services, and the limited participation in the open offer suggests investors remain skeptical of the company’s prospects.
Sharp India Postal Ballot for Director Appointments and Name Change
Sharp India seeks shareholder approval via postal ballot for 15 resolutions including appointment of 7 new directors and Managing Director.
Proposes changing company name to Smaart Tech Services and a
Sharp India Open Offer Results: Only 101 Shares Tendered
Post-offer advertisement discloses results of Smart Services Private Limited's mandatory open offer for 25% of Sharp India Limited.
Offer opened June 16, 2026 and closed June 30, 2026, with only 101 s
Smart Services Open Offer for 25% of Sharp India
Smart Services Private Limited launches open offer to acquire 64.86 lakh equity shares (25% stake) in Sharp India Limited at ₹10 per share.
The offer price of ₹10 per share was deemed justified by Sha
Smart Services Open Offer for 25% of Sharp India
Smart Services Private Limited launches a mandatory open offer to acquire up to 64,86,000 equity shares (25%) of Sharp India Limited at ₹10 per share, triggered by a prior acquisition of a 75% control
Smart Services Sharp India Open Offer Schedule Corrigendum
Navigant Corporate Advisors issues a corrigendum to the detailed public statement for Smart Services Private Limited's open offer for Sharp India Limited.
The corrigendum revises the open offer schedu
Smart Services Acquires 75% Stake in Sharp India
Smart Services Private Limited disclosed acquisition of 75% stake in Sharp India Limited via off-market purchase.
The transaction involved 1.95 crore shares at Rs. 10 per share pursuant to Share Purch
Smart Services Open Offer for 25% of Sharp India
Smart Services Private Limited launches mandatory open offer for 64.86 lakh shares (25%) of Sharp India Ltd at ₹10 per share.
Offer follows acquisition of 75% stake from Sharp Corporation via Share Pu
Smart Services Launches ₹6.49Cr Sharp India Open Offer
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% f
Sharp India Promoter Sells 75% Stake
Sharp Corporation Japan executed a Share Purchase Agreement to sell its entire 75% stake (1.94 crore shares) in Sharp India Limited to Smart Services Private Limited for ₹19.46 crore.
The transaction