Navigant Corporate Advisors Ltd. ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer for the attention of the Equity Shareholders of Sharp India Ltd (Target Company").
Awaiting price reaction for this filing.
Sharp India Ltd (BSE Code: 523449) is the target of a mandatory open offer under SEBI (SAST) Regulations 3(1) and 4, triggered by Smart Services Private Limited (SSPL) acquiring 75% stake (1,94,58,000 shares) from existing promoter Sharp Corporation (Japan) via a Share Purchase Agreement dated April 14, 2026 at Rs. 10 per share. SSPL is now offering to buy up to 64,86,000 equity shares (25% of capital, representing the entire public shareholding) from public shareholders at Rs. 10 per share in cash. The open offer opens on June 16, 2026 and closes on June 30, 2026. If fully accepted, SSPL will hold 100% of Sharp India. The acquirer is a Pune-based private company (formerly Brisk India Private Limited), primarily involved in manpower supply and government tenders, with no prior experience in consumer electronics — the acquisition is intended as a ready listing platform for future diversification.
Public shareholders of Sharp India have a 15-day window (June 16–30, 2026) to tender shares at Rs. 10/share. Existing promoter Sharp Corporation (Japan) is fully exiting, marking a change of control to a domestic Pune-based entity. Since the acquirer intends to retain listing and may change the board, shareholders should weigh the exit price against potential post-offer direction before deciding to tender or hold.