Smart Services Updates Open Offer for Sharp India Shares, Confirms Acquisition Milestone

Smart Services Updates Open Offer for Sharp India Shares, Confirms Acquisition Milestone​

Smart Services Private Limited has released a corrigendum to its Detailed Public Statement concerning the open offer for the acquisition of equity shares in Sharp India Limited. The update provides stakeholders with crucial information regarding both the acquisition status and the revised schedule of key events related to the ongoing open offer.

The original open offer involved Smart Services acquiring up to 64,86,000 equity shares of Sharp India Limited at a price of Rs. 10/- per fully paid-up Equity Share, which represents 25.00% of the company's fully paid-up and voting share capital.

Acquisition Update​

The corrigendum confirms a significant development in the offer process. Smart Services Private Limited acquired 1,94,58,000 Equity Shares on June 02, 2026, through a Share Purchase Agreement executed on April 14, 2026.

Revised Schedule of Activities​

The Detailed Public Statement outlined an original schedule of activities for the open offer. The corrigendum provides the revised dates for various milestones related to the transaction.

The table below details the comparison between the original and revised timelines:


The acquirer confirmed that all other terms and conditions related to the open offer remain unchanged.

Stock Price Movement​

Sharp India Ltd. finished the trading day on Monday, settling at a strong ₹113.15, which was up 1.00%. The shares were locked entirely during the session, with the intraday high and low registering identically at ₹113.15.