Open Offer15 May 2026, 03:53 pm
Switching Tech: Touristas Horizons & BBU Acquire 20.64% 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 under SEBI regulations. Each company acquired 2,52,861 shares, amounting to 10.32% each. The acquisition was made via shares tendered by public shareholders. The total equity share capital of Switching Technologies Gunther Ltd after the acquisition is ₹2,45,00,000 divided into 24,50,000 Equity Shares of ₹10.00 each.
Key Highlights
- Touristas Horizons & BBU Enterprises acquired 5,05,722 shares of Switching Technologies.
- The acquisition represents 20.64% of Switching Technologies' total share capital.
- Acquisition was made through an open offer under SEBI regulations.
- Each company, Touristas Horizons and BBU Enterprises, acquired 10.32% of shares.
- Date of acquisition is May 14, 2026.