BSEN2N Technologies LtdHighNeutral
Announced Tue, 19 May · 16:40 IST

Inga Ventures Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Advertisement in accordance with Regulation 18(12) of the Securities and Exchange Board of India ....

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Inga Ventures Pvt Ltd, the Manager to the Offer, has submitted the Post-Offer Advertisement for an open offer to acquire N2N Technologies Ltd shares. The acquirer is Harmony Remedies India Private Limited, along with two persons acting in concert (PACs) — Mr. Firoze Nariman Kapadia and Ms. Aditi Vipin Parikh (Directors of Acquirer). The offer is to acquire up to 12,91,228 equity shares (40% of Expanded Voting Capital) at ₹4.30 per share, pursuant to SEBI (SAST) Regulations, 2011. The advertisement was published on May 19, 2026 in four newspapers — Financial Express (English), Jansatta (Hindi), Tarun Bharat (Marathi-Pune), and Navshakti (Marathi-Mumbai). This follows the earlier submission of Public Announcement, Detailed Public Statement, Draft Letter of Offer, Letter of Offer, and IDC Recommendation.

Likely market impact

This is a mandatory post-offer compliance filing confirming the open offer process is underway. The offer at ₹4.30 per share (40% of expanded voting capital) indicates a potential change of control or substantial acquisition in N2N Technologies, which existing shareholders should be aware of.