Touristas Horizons and BBU Enterprises Acquire 5,05,722 Equity Shares of Switching Technologies Gunther Ltd via Open Offer
M/s. Touristas Horizons (P) Ltd and M/s. BBU Enterprises (P) Ltd jointly acquired 5,05,722 equity shares of Switching Technologies Gunther Ltd on May 14, 2026, via an open offer under SEBI (SAST) Regulations, 2011. Each acquirer holds 2,52,861 shares post-acquisition, representing 10.32% individually and a combined 20.64% of the total share and voting capital. Both entities belong to the promoter/promoter group and held zero shares prior to this acquisition. The disclosure was submitted to BSE Limited on May 15, 2026, under Regulation 29(1) of the SEBI (SAST) Regulations, 2011.

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Switching Technologies Gunther Ltd received a disclosure dated May 15, 2026, filed with BSE Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted by M/s. Touristas Horizons (P) Ltd and M/s. BBU Enterprises (P) Ltd, both identified as promoter/promoter group entities, informing the exchange of a substantial acquisition of equity shares in the target company.
Acquisition Details
The two acquirers, acting in concert, collectively acquired 5,05,722 equity shares of Switching Technologies Gunther Ltd on May 14, 2026. The shares were acquired pursuant to an open offer made under Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations, 2011, through shares tendered by public shareholders. Each acquirer acquired 2,52,861 equity shares individually, together accounting for 20.64% of the total share and voting capital of the target company.
The following table summarises the shareholding position of the acquirers before and after the acquisition:
| Parameter: | Touristas Horizons (P) Ltd | BBU Enterprises (P) Ltd | Combined |
|---|---|---|---|
| Shares held before acquisition: | 0 | 0 | 0 |
| % before acquisition: | 0.00% | 0.00% | 0.00% |
| Shares acquired: | 2,52,861 | 2,52,861 | 5,05,722 |
| % acquired: | 10.32% | 10.32% | 20.64% |
| Shares held after acquisition: | 2,52,861 | 2,52,861 | 5,05,722 |
| % after acquisition: | 10.32% | 10.32% | 20.64% |
Capital Structure of the Target Company
The equity share capital of Switching Technologies Gunther Ltd remains unchanged both before and after the acquisition. The following table outlines the capital structure:
| Parameter: | Details |
|---|---|
| Total Equity Share Capital: | INR 2,45,00,000 |
| Total Number of Equity Shares: | 24,50,000 |
| Face Value per Share: | INR 10.00 |
| Stock Exchange Listed: | BSE Limited |
| Date of Acquisition: | May 14, 2026 |
| Date of Disclosure: | May 15, 2026 |
Acquirer Details
The disclosure was signed by Simran Agarwal, Director of Touristas Horizons (P) Ltd, on behalf of both acquirers, from Kolkata on May 15, 2026. Key details of the acquirers are as follows:
| Acquirer: | CIN | PAN | Promoter Group |
|---|---|---|---|
| M/s. Touristas Horizons (P) Ltd: | U79110WB2023PTC264828 | AAKCT4053B | Yes |
| M/s. BBU Enterprises (P) Ltd: | U51909WB2022PTC254100 | AAKCB7725Q | Yes |
The mode of acquisition was through the open offer process, with shares tendered by public shareholders of the target company. Prior to this transaction, neither acquirer held any equity shares, voting rights, warrants, convertible securities, or any other instruments entitling them to shares carrying voting rights in Switching Technologies Gunther Ltd.
Regulatory Compliance
The disclosure was filed by the Company Secretary and Compliance Officer, S. Ramesh, with the Corporate Relationship Department of BSE Limited via the BSE Listing Centre Online portal, bearing reference number BSE/SEC/203/2026. The filing is in compliance with the requirements prescribed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Historical Stock Returns for Switching Technologies Gunther
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.85% | -9.19% | +17.04% | +38.70% | +7.16% | +65.41% |
With Touristas Horizons and BBU Enterprises now holding a combined 20.64% stake, what is the total promoter group shareholding in Switching Technologies Gunther Ltd, and could further open offer obligations be triggered if they cross the 25% threshold?
How might the significant reduction in public float following this 20.64% acquisition impact the liquidity and trading volumes of Switching Technologies Gunther Ltd on BSE?
Given that both acquirers were incorporated recently (2022 and 2023) and had zero prior shareholding, what strategic intent could be driving this substantial stake acquisition in Switching Technologies Gunther Ltd?


































