Sharp India: Open Offer at Rs.10/share by Smart Services Pvt Ltd

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Smart Services Pvt Ltd (Acquirer) is making a mandatory open offer to buy 64,86,000 shares (25%) of Sharp India at Rs.10/share, totaling Rs.6.49 crores. This follows an SPA with Sharp Corporation Japan to acquire 1,94,58,000 shares (75%) at the same price, giving the Acquirer full control. Sharp India has been non-operational since 2015 with negative net worth of Rs.13,641 lakhs. Fair value certified as NIL. Offer opens June 8, 2026.

Likely market impact

Mandatory open offer triggered; public shareholders can tender at Rs.10/share. Acquirer will gain control and may restructure operations.