Copy of Detailed Public Announcement as received from Inga Ventures Private Limited (Manager to the Offer)
Awaiting price reaction for this filing.
Harmony Remedies India Private Limited, along with two directors acting as persons acting in concert (PACs), has launched an Open Offer to buy up to 12,91,228 equity shares (40% of voting share capital) of N2N Technologies Limited from public shareholders. The offer price is ₹4.30 per share on a face value of ₹10. Inga Ventures Private Limited is the manager to the offer. The Detailed Public Statement was published on November 3, 2025 in Financial Express, Jansatta, Mumbai Tarun Bharat, and Navshakti. The offer is being made under SEBI's Takeover Regulations, meaning the acquirer has triggered the mandatory open offer threshold.
Public shareholders can tender their shares at ₹4.30 per share during the tendering period. This signals a change of control situation, and the Board must form a committee of independent directors to give reasoned recommendations on whether to accept or reject the offer.