Description

An open offer by BBU Enterprises Private Limited, Touristas Horizons Private Limited, and Mr. Nikhil Pujari to acquire up to 6,37,000 equity shares (26%) of Switching Technologies Gunther Limited at Rs. 66/- per share, open from April 16 to April 29, 2026.

Summary

BSE has notified the opening of an Offer to Buy (Acquisition Window – Takeover) for Switching Technologies Gunther Limited. Three acquirers — M/s BBU Enterprises Private Limited, M/s Touristas Horizons Private Limited, and Mr. Nikhil Pujari — are jointly making an open offer to acquire up to 6,37,000 fully paid-up equity shares, representing 26% of the total equity/voting share capital, at Rs. 66/- per share payable in cash.

Key Points

  • Acquirers: M/s BBU Enterprises Private Limited (Acquirer 1), M/s Touristas Horizons Private Limited (Acquirer 2), and Mr. Nikhil Pujari (Acquirer 3)
  • Target Company: Switching Technologies Gunther Limited
  • Offer Price: Rs. 66/- (Rupees Sixty-Six Only) per equity share, payable in cash
  • Shares Sought: Up to 6,37,000 (Six Lakhs Thirty-Seven Thousand) fully paid-up equity shares
  • Stake Offered For: 26% of Total Equity/Voting Share Capital
  • Face Value: Rs. 10/- per equity share
  • Regulatory Trigger: SEBI (SAST) Regulations 3(1) and 4 of 2011
  • Offer details and Letter of Offer are available on the BSE website

Regulatory Changes

No new regulatory changes introduced. The offer is conducted under the existing SEBI mechanism for acquisition of shares through Stock Exchange pursuant to Tender Offers under Takeover, as established by:

  • SEBI circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015
  • SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated December 09, 2016
  • BSE notices: 20170210-16, 20190424-35, 20200528-32, 20201102-43, 20210825-62 (Revised Guidelines)

Compliance Requirements

  • Trading Members and Custodians must follow the Revised Guidelines for acquisition of shares through the Stock Exchange pursuant to Tender Offers under Takeovers, Buy Back, and Delisting.
  • The offer must be executed as per SEBI circular no. CFD/DCR2/CIR/P/2016/131 and BSE notice no. 20170210-16 and 20190424-35.
  • Public shareholders of Switching Technologies Gunther Limited wishing to tender shares must do so within the specified offer window through the BSE Acquisition Window mechanism.

Important Dates

  • Notice Date: April 09, 2026
  • Offer Opening Date: Thursday, April 16, 2026
  • Offer Closing Date: Wednesday, April 29, 2026

Impact Assessment

This open offer has a high impact on public shareholders of Switching Technologies Gunther Limited, as they have the opportunity (and may need to evaluate) tendering up to 26% of the company’s equity at Rs. 66/- per share. The acquirers collectively seek a significant stake that could result in a change of control or substantial ownership concentration. Shareholders should review the attached Letter of Offer carefully and act within the April 16–29, 2026 window. Market participants should be aware of potential price movement around the offer period.

Impact Justification

Open offer for 26% of voting share capital at a defined price directly impacts existing public shareholders of Switching Technologies Gunther Limited and requires action within a specific tender window.