Smart Services Private Limited, a promoter, bought 19,48,000 shares of Sharp India for ₹22.69 Cr at ₹116.50 apiece in an open market transaction, increasing its stake to 0.75%. This is part of an ongoing change in control where Smart Services Private Limited is acquiring a 75% stake in Sharp India.
A consumer electronics manufacturer incorporated in 1985, Sharp India produces and sells LED televisions and air conditioning units for the Indian market. The company operates as a vertically integrated player in home appliances, focusing on display technology and climate control solutions. Sharp India serves residential customers through established retail distribution channels across India, competing in the competitive consumer durables segment.
