Brisk India Private Limited proposed to acquire 25% stake in Sharp India Limited (BSE:523449) for INR 64.9 million on April 14, 2026. A cash consideration of INR 64.86 million valued at INR 10 per share will be paid by Brisk India Private Limited. As part of consideration, INR 64.86 million is paid towards common equity of Sharp India Limited.

In a related transaction Brisk India Private Limited entered into a Share Purchase Agreement to acquire 75% stake in Sharp India Limited from Sharp Corporation for approximately INR 190 million on April 14, 2026.

As of April 20, 2026, the tender offer period will commence on June 8, 2026 and shall be closed on June 19, 2026.

Sarthak Vijlani of Navigant Corporate Advisors Limited acted as financial advisor for Brisk India Private Limited. Brisk India Private Limited has appointed Allwin Securities Limited as the Stock Broker to the offer. Pradnya Karanjekar of MUFG Intime India Private Limited acted as registrar for Brisk India Private Limited. Allwin Securities Limited acted as buying broker in the transaction.