Smart Services Private Limited to Acquire 75% Stake in Sharp India Limited Via Share Purchase Agreement
Sharp India Limited confirmed that its Board of Directors, at a meeting held on April 14, 2026, took note of the execution of a Share Purchase Agreement (SPA). The agreement involves the sale of a significant stake in the company by the promoters to Smart Services Private Limited.The SPA, dated April 14, 2026, is between Sharp Corporation, Japan Promoter and holding company (the Seller), and Smart Services Private Limited (the Purchaser).
Under the terms of the agreement, the Purchaser agreed to acquire 1,94,58,000 fully paid-up equity shares, representing 75.00% of the paid-up equity share capital of Sharp India Limited. The acquisition is valued at Rs 10.00 per equity share, equating to a total consideration of Rs 19,45,80,000/-.
The Smart Services Private Limited, described as a private limited company, has no previously reported relationship with Sharp India Limited.
The transaction marks a major shift in the company's control structure. Upon the completion of the SPA, the Sellers will cease to be in control of the Company, and Sharp Corporation will cease to be the promoters.
The successful execution of this SPA triggers a requirement for the Purchaser to make an Open Offer to the public shareholders of Sharp India Limited, in accordance with SEBI regulations.
The key financial details of the transaction are summarized below:
| Detail | Specification | Value |
|---|---|---|
| Shares Acquired | Number of fully paid-up equity shares | 1,94,58,000 |
| Ownership Stake | Percentage of paid-up equity capital | 75.00% |
| Price Per Share | Consideration per equity share | Rs 10.00 |
| Total Consideration | Total transaction value | Rs 19,45,80,000/- |
The transaction does not fall within the scope of related party transactions. Additionally, the SPA does not impose any specific restriction or liability upon Sharp India Limited, as the company is not a party to the agreement.
Stock Price Movement
Sharp India Ltd settled at ₹41.90 on Monday, gaining 2.50% as shares closed higher after the market close. Throughout the trading session, the stock fluctuated across a range, testing lows at ₹40.17 before reaching a peak of ₹41.98.Source:
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