Inga Ventures Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement for the attention of the public shareholders of N2N Technologies Ltd Under Regulation 3(1) ....
Awaiting price reaction for this filing.
Harmony Remedies India Private Limited, along with PACs Mr. Firoze Nariman Kapadia and Ms. Aditi Vipin Parikh, has triggered a mandatory open offer to buy up to 12,91,228 equity shares (40% of expanded voting capital) of N2N Technologies Ltd at ₹4.30 per share. The total offer size is approximately ₹55.52 lakhs, payable in cash. The offer follows an acquisition of control agreement dated October 27, 2025, under which the acquirer will take over management and operational control of N2N Technologies and become classified as a promoter. Notably, N2N's shares are currently suspended from trading on BSE, and the company filed a revocation application on October 24, 2025. The open offer is not conditional on any minimum acceptance and the acquirer has no intention to delist the stock.
Public shareholders can tender their shares at ₹4.30 each during the offer period. The change of control could bring a new management direction, but the suspended trading status and the very small offer size (just over ₹55 lakhs) suggest limited liquidity and significant risk. Investors should carefully evaluate the offer price against the company's financial condition and the uncertain revival prospects.