BBU Enterprise Private Limited, Touristas Horizons Private Limited and Nikhil Pujari proposed to acquire 26% stake in Switching Technologies Gunther Limited (BSE:517201) for INR 42 million on January 24, 2026. A cash consideration valued at INR 66 per share will be paid by BBU Enterprise Private Limited, Touristas Horizons Private Limited and Nikhil Pujari. In a related transaction, BBU Enterprise Private Limited, Touristas Horizons Private Limited and Nikhil Pujari entered into an Share Purchase Agreement to acquire 37.63% stake in Switching Technologies Gunther Limited from Gunther Of America Inc. for INR 27.7 million. Upon completion of the transactions, BBU Enterprise Private Limited and Touristas Horizons Private Limited will each hold a 26% stake, while Nikhil Pujari will hold an 11.63% stake in Switching Technologies Gunther Limited.

The offer will commence on March 23, 2026, and expires on April 8, 2026. As pf April 7, 2026, the tender offer will commence on April 16, 2026 and will close on April 29, 2026.

Radhika Pushkarna of D&A Financial Services Limited acted as Manager to the offer for BBU Enterprise Private Limited, Touristas Horizons Private Limited and Nikhil Pujari. Punit Mittal of Beetal Financial & Computer Services Private Limited acted as registrar to the offer.