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Japan's Sharp mulling stake sale in India unit

Reuters
The logo of Sharp Corp is seen at Tochigi plant in Yaita, north of Tokyo, November 19, 2015. REUTERS/Reiji Murai/Files (Reuters)

MUMBAI (Reuters) - Japanese consumer electronics maker Sharp Corp is exploring sale of its holding in the Indian unit, among other options, the unit said in a regulatory filing. Sharp India Ltd 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 the 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)