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M/s BBU Enterprises, M/s Touristas Horizons, and Mr. Nikhil Pujari have launched an open offer to acquire an additional 26% of Switching Technologies Gunther Limited (STGL) shares at Rs 66 per share, following a prior acquisition of 37.63% from a promoter. This offer aims to acquire 637,000 shares for a total of 4.20 Crore. Notably, the acquirers intend to transform STGL’s business from manufacturing switching products to the food, beverages, and FMCG sector, subject to shareholder approval. The target company reported revenue of 6.16 Crore for a recent nine-month period and a loss of 5.53 Crore, with a negative net worth of 18.35 Crore. The offer price of Rs 66 is currently below the market price.