BSESharp India LtdHighNeutral
Announced Thu, 16 Jul · 13:24 IST
Sharp Corporation exits as promoter; Smart Services becomes new promoter with 75% stake
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Sharp Corporation Japan sold its entire 75% stake (1.94 crore equity shares) in Sharp India to Smart Services Private Limited under a Share Purchase Agreement dated 14 April 2026, followed by a mandatory open offer. Sharp Corporation has ceased to be the promoter and is now classified under the public category. Smart Services Private Limited has been classified as the new promoter and promoter group. The Board has also been reconstituted as part of this change in control.
Likely market impact
Complete change of control at Sharp India. New promoter SSPL now owns 75%. Expect a fresh strategic direction and board decisions under the new promoter.