Acquisitions24 Jan 2026, 04:54 pm
Switching Technologies Gunther Ltd Announces Share Purchase Agreement with BBU Enterprises, Touristas Horizons, and Nikhil Pujari
AI Summary
Switching Technologies Gunther Ltd has announced a Share Purchase Agreement (SPA) with BBU Enterprises Private Limited, Touristas Horizons Private Limited, and Mr. Nikhil Pujari. The agreement, signed on Jan 24, 2026, proposes the acquisition of up to 9,22,000 equity shares representing 37.6327% of the paid-up share capital of the company for a consideration of INR 2,76,60,000. This transaction will result in a change in management and control of the company, with the existing promoters ceasing to be in 'control' and the composition of the Board of Directors and Key Managerial Personnel being altered.
Key Highlights
- Switching Technologies Gunther Ltd announces Share Purchase Agreement with BBU Enterprises, Touristas Horizons, and Nikhil Pujari.
- The agreement proposes the acquisition of up to 9,22,000 equity shares representing 37.6327% of the paid-up share capital of the company.
- The transaction will result in a change in management and control of the company.
- The existing promoters will cease to be in 'control' of the company.
- The composition of the Board of Directors and Key Managerial Personnel will be altered.