Open Offer for Sharp India Shareholders by Smart Services Private Limited; Acquirer seeks 25% stake
Smart Services Private Limited has launched an open offer to acquire equity shares of Sharp India Limited (the Target Company). The acquisition aims to secure a 25.00% stake in the company's fully paid-up and voting share capital.The Post Offer Advertisement, issued by Navigant Corporate Advisors Limited on behalf of Smart Services Private Limited, outlined the details of the open offer regarding Sharp India Limited. This initiative involves acquiring up to 64,86,000 equity shares of Sharp India Limited at a price of Rs. 10.00 per fully paid-up Equity Share.
Key entities involved in the acquisition include:
| Particular | Details |
|---|---|
| Target Company Name | Sharp India Limited |
| Acquirer Name | Smart Services Private Limited |
| Manager to the Offer | Navigant Corporate Advisors Limited |
| Register to the Offer | MUFG INTIME INDIA PRIVATE LIMITED |
Transaction Timeline and Details
The open offer commenced on June 16, 2026, with a closing date set for June 30, 2026. The payment of consideration is scheduled for July 06, 2026.The details concerning the proposed acquisition, including the structure and shareholding information, are provided below:
| Particulars | Proposed in the Offer Document | Actual (Post-Offer Data) |
|---|---|---|
| Offer Price per Equity Share | Rs. 10.00 | Rs. 10.00 |
| Aggregate Number of Shares tendered | 64,86,000 | 101 |
| Aggregate Number of Shares accepted | 64,86,000 | 101 |
| Size of the offer (Shares x Price) | Rs. 6,48,60,000 | Rs. 1,010 |
Shareholding Details
Prior to the share purchase agreement and public announcement, both the Acquirer and the Public Shareholders held Nil or 25.00% stake respectively in Sharp India Limited.The post-offer scenario shows the following details regarding the shareholding of the Acquirer and public shareholders:
| Particulars | Pre-Offer Status (Acquirer) | Post-Offer Status (Acquirer) |
|---|---|---|
| Shares acquired by SPA (SPA % against fully diluted equity capital) | 1,94,58,000 (75.00%) | 1,94,58,000 (75.00%) |
| Shares acquired by Open Offer (Open offer % against fully diluted equity share capital) | 64,86,000 (25.00%) | 101 (0.00%) |
| Total Post-Offer Shareholding of Acquirer | N/A | 1,94,58,101 (75.0004%) |
The public shareholders held 64,86,000 shares pre-offer, representing 25.00% of the fully diluted equity share capital. Post-offer, their holding stands at 64,85,899 shares, equating to 24.9996%.
The acquisition by Smart Services Private Limited is expected to result in them becoming the Promoter of Sharp India Limited, with the existing promoter being reclassified as a public category shareholder.
Stock Price Movement
Sharp India Ltd settled at ₹117.05 on Monday, slipping 0.51% in after-hours trading. The shares moved between an intraday low of ₹116.50 and a high of ₹118.80 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.