Smart Services Announces Open Offer for Sharp India Ltd Shares
Smart Services Private Limited has announced a cash Open Offer for the acquisition of equity shares in Sharp India Limited. The offer seeks to acquire up to 64,86,000 fully paid-up equity shares of the target company, representing 25% of its voting share capital.The Open Offer is made following the execution of a Share Purchase Agreement (SPA) dated April 14, 2026, between Smart Services Private Limited (the Acquirer) and Sharp Corporation (the Seller), the existing promoter of Sharp India Limited.
Open Offer Details
The Open Offer for acquiring equity shares in Sharp India Limited is structured as follows:| Detail | Value |
|---|---|
| Acquirer | M/s. Smart Services Private Limited |
| Target Company | Sharp India Limited |
| Offer Size | 64,86,000 fully paid-up Equity Shares |
| Percentage of Capital | 25% of the voting share capital |
| Offer Price | Rs. 10 per fully paid-up Equity Share |
| Total Consideration Payable | Rs. 6,48,60,000 (Six Crores Forty-Eight Lacs Sixty Thousand Only) |
| Mode of Payment | Cash |
The consideration will be paid entirely in cash.
Underlying Transaction Triggering the Offer
The Open Offer was triggered by the execution of an Agreement dated April 14, 2026, between the Acquirer and Sharp Corporation (Seller).Under this underlying transaction, the Acquirer agreed to purchase 1,94,58,000 equity shares, constituting 25.00% of the voting share capital of Sharp India Limited, from Sharp Corporation at a price of Rs. 10 per Equity Share.
Shareholding Status of Key Parties
The Open Offer and the underlying transaction establish the following shareholding positions for the major participants:| Participant | Role | Pre-Transaction Holding (Shares/Percentage) | Post-Transaction Holding (Shares/Percentage) |
|---|---|---|---|
| Smart Services Pvt Ltd | Acquirer | Nil (0.00%) | 1,94,58,000 (75.00%) |
| Sharp Corporation | Seller (Promoter) | 1,94,58,000 (75.00%) | Nil (0.00%) |
The Target Company, Sharp India Limited, has its registered office at Gat No 686/4 Tal Shirur Koregaon Bhima, Pune, Maharashtra 412216, and its shares are listed on BSE Limited with scrip code and id 523449.
The total fully paid-up equity share capital of Sharp India Limited is Rs. 25,94,40,000, divided into 2,59,44,000 Equity Shares of Rs. 10 each.
Stock Price Movement
At the close of trade on Monday, Sharp India Ltd settled at ₹41.90, edging higher by 2.50%. The shares traded through a wide intraday range, dipping to a low of ₹40.17 before peaking at ₹41.98.Source:
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