Open Offer15 May 2026, 05:01 pm
Switching Tech: Touristas & BBU Acquire 20.64% Stake via Open Offer
AI Summary
Touristas Horizons (P) Ltd and BBU Enterprises (P) Ltd have jointly acquired 5,05,722 equity shares of Switching Technologies Gunther Ltd, representing 20.64% of the total share capital, through an open offer. Each company acquired 2,52,861 shares, amounting to 10.32% individually. The acquisition was made pursuant to Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations, 2011. Post-acquisition, their combined holding stands at 5,05,722 shares, maintaining the same percentage of equity.
Key Highlights
- Touristas Horizons and BBU Enterprises acquired 20.64% stake in Switching Technologies.
- Acquisition of 5,05,722 shares made via open offer under SEBI (SAST) Regulations.
- Each acquirer now holds 10.32% of Switching Technologies Gunther Ltd.
- Total equity share capital of the company remains at INR 2,45,00,000 post-acquisition.
Price Impact
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