D & A Financial Services (P) Ltd ("Manager to the Offer) has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4, read with Regulation 15(1) of the Securities and ....
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Three acquirers — BBU Enterprise Pvt Ltd, Touristas Horizons Pvt Ltd, and Mr. Nikhil Pujari — have signed a Share Purchase Agreement on January 24, 2026 to buy 9,22,000 equity shares (37.63%) of Switching Technologies Gunther Limited from its existing promoter, M/s Guenther America INC, for about Rs. 2.77 crores. This acquisition triggers a mandatory open offer under SEBI Takeover Regulations for an additional 26% of paid-up equity (up to 6,37,000 shares) from public shareholders at Rs. 66 per share. The acquirers currently hold zero shares in the company and will gain complete control after the SPA and open offer. The Detailed Public Statement is expected to be published by February 02, 2026. The offer is not subject to any minimum acceptance condition.
Public shareholders can sell their shares at Rs. 66 per share under the open offer. The change of control from Guenther America to new acquirers may lead to management and strategic direction changes, potentially affecting stock price and future outlook.