Disclosure of disposal of securities under regulation 7 (2) of SEBI ( Prohibition of Insider Trading Regulation) 2015 as received from Sharp Corporation
Awaiting price reaction for this filing.
Sharp Corporation Japan, the sole promoter of Sharp India Ltd, has sold its entire holding of 1,94,58,000 equity shares (100% stake) at Rs. 10 per share for a total consideration of Rs. 19.46 crore. The transaction was executed via an off-market transfer on June 2, 2026, and disclosed on June 3, 2026 under SEBI Insider Trading Regulations. Post-transaction, the promoter's shareholding in Sharp India stands at zero, marking a complete exit by the Japanese parent. The buyer of the shares has not been identified in this filing, and the share purchase agreement was signed on April 14, 2026.
This is a major event — Sharp India loses its promoter, and the stock will likely see significant volatility and re-rating once the new owner's identity and intentions become clear. Retail investors should watch for further disclosures on the acquirer and any potential open offer trigger.