Promoter Divestment: Guenther America Inc. Sells Shares in Switching Technologies Gunther Ltd; Acquirers Take Stake
Switching Technologies Gunther Ltd has seen a significant change in its promoter holding as Guenther America Inc., the existing promoter, sold 9,22,000 equity shares on June 1, 2026. The shares were acquired by three entities: Touristas Horizons Private Limited, BBU Enterprises Private Limited, and Mr. Nikhil Pujari.Guenther America Inc. disposed of its entire shareholding in the company through an off-market transaction. This sale marked a transition where the entity ceased to be classified as a Promoter/Promoter Group member, with no control exercised over the Company post-sale.
The acquiring entities, Touristas Horizons Private Limited, BBU Enterprises Private Limited, and Mr. Nikhil Pujari, collectively purchased all 9,22,000 shares. The acquisition saw Touristas Horizons Private Limited purchasing 4,25,000 equity shares, while BBU Enterprises Private Limited acquired 4,25,000 equity shares, and Mr. Nikhil Pujari secured 72,000 equity shares on the same date.
The transaction details highlight the complete transfer of Guenther America Inc.'s holding to the new group of acquirers. The Company's total Equity Shares Capital remains INR 2,45,00,000 divided into 24,50,000 Equity Shares of INR 10.00 each, both before and after this acquisition.
Key figures regarding the share divestment and acquisition are summarized in the table below:
| Particulars | Guenther America Inc. (Seller) | Acquirers (Purchasers) |
|---|---|---|
| Shares Before Transaction | 9,22,000 shares (37.63%) | Touristas Horizons Pvt Ltd: 2,52,861 shares (10.32%) BBU Enterprises Pvt Ltd: 2,52,861 shares (10.32%) Mr. Nikhil Pujari: 0 shares (0%) |
| Shares Transferred/Acquired | 9,22,000 shares (Sale) | Touristas Horizons Pvt Ltd: 4,25,000 shares BBU Enterprises Pvt Ltd: 4,25,000 shares Mr. Nikhil Pujari: 72,000 shares |
| Shares After Transaction | 0 shares | Total acquisition amounts to 9,22,000 shares, bringing the acquirers' combined holding to 37.64%. |
The companies confirm that all special rights available to Guenther America Inc. have been terminated following the sale of its shares.
Stock Price Movement
As of 14:15, Switching Technologies Gunther Ltd is ticking up in the market at ₹88.25, registering a 3.95% gain. The shares moved throughout the day between an intraday low of ₹85.98 and a high of ₹88.39.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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