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Sharp asks turnaround fund to take stake worth up to 30 billion yen -Nikkei

Reuters
A shopper wearing a mask rides an escalator past advertisements for Sharp Corp's Aquos television at an electronics shop in Tokyo March 3, 2015. REUTERS/Yuya Shino

TOKYO (Reuters) - Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen ($250 million) to help with the embattled electronics maker's restructuring, the Nikkei business daily reported.

Japan Industrial Solutions would purchase preferred or common shares in Sharp, the Nikkei said, adding that Sharp hopes to receive the investment by March 2016.

($1 = 120.0800 yen)

(Reporting by Chris Gallagher; Editing by Edwina Gibbs)