Stock Report

Smart Services to Acquire 75% Stake in Sharp India; Sharp Corporation Japan to Exit

Posted On : 2026-04-14 20:57:55( TIMEZONE : IST )

Sharp India Limited (BSE: 523449) has announced a major change in its ownership structure. In a regulatory filing today, the company informed that its promoter, Sharp Corporation, Japan, has entered into a Share Purchase Agreement (SPA) to sell its entire stake in the Indian subsidiary to Smart Services Private Limited.

Transaction Details

Smart Services Private Limited has agreed to acquire 1,94,58,000 fully paid-up equity shares, representing 75.00% of the paid-up equity share capital of Sharp India.

Transaction Price: ₹10.00 per equity share.

Total Consideration: ₹19,45,80,000 (Nineteen Crores Forty-Five Lakhs and Eighty Thousand).

Impact on Control: Upon completion, Sharp Corporation, Japan, will cease to be the promoter and will no longer hold any shares in the company.

Open Offer Triggered

The execution of this SPA has triggered a mandatory Open Offer to the public shareholders of Sharp India Limited. In accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Smart Services Private Limited will be required to offer to purchase additional shares from the public to provide an exit opportunity at a fair price.

The acquisition marks the end of an era for the Pune-based company as a subsidiary of the Japanese electronics giant. Following the deal's closure, management and control will transfer to the new buyers. The company clarified that it is not a direct party to the agreement and the transaction does not impose any liabilities or restrictions on its current operations.

The Board of Directors took note of these developments during their meeting today, Tuesday, April 14, 2026. This move is expected to bring a fresh strategic direction to Sharp India under its new domestic ownership.

Shares of SHARP INDIA LTD. was last trading in BSE at Rs. 41.90 as compared to the previous close of Rs. 40.88. The total number of shares traded during the day was 110 in over 10 trades.

The stock hit an intraday high of Rs. 41.98 and intraday low of 40.17. The net turnover during the day was Rs. 4455.00.