Acquisitions2 Jun 2026, 03:00 pm
Touristas Horizons and Others Acquire 37.64% Stake in Switching Tech Gunther
AI Summary
Touristas Horizons Private Limited, BBU Enterprises Private Limited, and Nikhil Pujari have acquired an aggregate of 9,22,000 equity shares of Switching Technologies Gunther Limited. The acquisition, executed via a Share Purchase Agreement dated January 24, 2026, increases the acquirers' total stake in the target company from 20.64% to 58.28%.
Key Highlights
- Acquirers purchased 9,22,000 equity shares representing 37.64% of the total share capital.
- The acquisition was completed on June 1, 2026, pursuant to a Share Purchase Agreement.
- Post-acquisition, the collective holding of the acquirers stands at 58.28% of the company.
- The transaction involved Touristas Horizons, BBU Enterprises, and Nikhil Pujari acting in concert.
Price Impact
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