Japan's Sharp mulling stake sale in India unit

Smaart Tech Services

04/12/2015 14:56

MUMBAI, Dec 4 (Reuters) - Japanese consumer electronics 
maker Sharp Corp  6753.T  is exploring sale of its holding in 
the Indian unit, among other options, the unit said in a 
regulatory filing. 
    Sharp India Ltd  SHPI.BO  has called a board meeting on Dec. 
12 to permit the parent and potential buyers to conduct due 
diligence on the operations of the company, it said in the  
statement to India's BSE stock exchange.  
    It did not name any potential buyer. 
    Sharp Corp owned 75 percent of Sharp India as of 
end-September, according to stock exchange data. 
 
 (Reporting by Devidutta Tripathy; Editing by Sumeet Chatterjee) 
 ((devidutta.tripathy@thomsonreuters.com; +91 84518 40430; 
Reuters Messaging: 
devidutta.tripathy.thomsonreuters.com@reuters.net)) 
 
Keywords: SHARP INDIA/