D & A Financial Services (P) Ltd ("Manager to the Offer) has submitted to BSE a copy of Newspaper Cutting of Pre-Offer Advertisement under Regulation 18 (7) in terms of the SEBI (Substantial ....
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D & A Financial Services, acting as Manager to the Offer, has submitted newspaper cuttings of the Pre-Offer Advertisement for the open offer to acquire shares of Switching Technologies Gunther Limited. The acquirers are BBU Enterprises Private Limited, Touristas Horizons Private Limited, and Mr. Nikhil Pujari. The open offer price is fixed at ₹66.00 per equity share, which the Independent Directors Committee has deemed fair and reasonable, being higher than the SEBI-mandated valuation price of ₹65.62 and the negotiated price of ₹30.00 per share under the Share Purchase Agreement. The Letter of Offer was dispatched to shareholders on April 8, 2026, and the tendering window will run from April 16, 2026 to April 29, 2026. No statutory approvals are required for this offer, and it is not a competing offer.
Public shareholders can tender their shares between April 16 and April 29, 2026 at ₹66.00 per share. The offer price represents a significant premium over the negotiated price of ₹30.00, potentially making it attractive for shareholders looking to exit, though they are advised to evaluate independently and consult tax experts.