ALFA Filings
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Smart Services Private Limited acquired a 75% stake in Sharp India Limited via an off-market transaction. This significant non-promoter acquisition follows a previously announced open offer.
Smart Services Private Limited acquired a 75% stake in Sharp India Limited for ₹19.46 Crore. The off-market purchase from Sharp Corporation triggers a substantial ownership change.
Sharp Corporation (Japan) has executed an SPA to sell its entire 75% stake (1,94,58,000 shares) in Sharp India Limited to Smart Services Private Limited for ₹19.46 Crore. This transaction triggers a mandatory open offer for public shareholders. Following completion, Sharp Corporation will cease to be a promoter of the Company.