Smart Services Announces Open Offer for Sharp India Ltd Shares Representing 25 Percent Stake
A pre-offer advertisement has been issued regarding an open offer by Smart Services Private Limited to acquire equity shares of Sharp India Limited. The offering aims to acquire up to 6,486,000 equity shares of the company.The pre-offer details confirm that the Acquirer, Smart Services Private Limited, is seeking to purchase a portion of Sharp India Limited's outstanding shares. The offer concerns a maximum quantity of 6,486,000 equity shares of Sharp India Limited, which are each valued at Rs. 10/-.
The proposed acquisition represents 25.00% of the fully paid up and voting share capital of Sharp India Limited. The pre-offer advertisement specifies that the offer is being made for Equity Shares of Sharp India Limited at a fixed price of Rs. 10/- per fully paid up Equity Share.
The open offer details are as follows:
| Detail | Information |
|---|---|
| Target Company | Sharp India Limited |
| Acquirer | Smart Services Private Limited |
| Shares to be Acquired | Up to 6,486,000 equity shares |
| Offer Price | Rs. 10/- per share |
| Stake Represented | 25.00% of the fully paid up and voting share capital |
The pre-offer advertisement was published on June 15, 2026. The offering was disseminated across multiple major daily publications to provide wide coverage. These publications include Financial Express (English Daily), Jansatta (Hindi Daily), Navshakti (Marathi Daily - Mumbai edition), and Loksatta (Marathi Daily - Pune edition).
Stock Price Movement
For Sharp India Ltd., as of 12:16, shares are ticking up slightly to ₹115.35, representing a gain of +0.96%. The equity remains completely flat as the intraday high and low have both registered at the identical price point of ₹115.35.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.
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