Inga Ventures Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of the Securities and Exchange Board of India (Substantial ....
Awaiting price reaction for this filing.
Harmony Remedies India Private Limited, along with PACs Mr. Firoze Nariman Kapadia and Ms. Aditi Vipin Parikh, has announced an open offer to acquire up to 12,91,228 equity shares (40% of Expanded Voting Capital) of N2N Technologies Ltd at Rs.4.30 per share in cash. The offer is mandatory under SEBI (SAST) Regulations, triggered by an Acquisition Control Agreement with existing directors of the target company. The Independent Directors' Committee has recommended the offer as fair and reasonable. The tendering period runs until May 14, 2026. Note that N2N Technologies shares are currently suspended from trading due to unpaid Annual Listing Fees and outstanding SOP fines of Rs.7,14,820.
Shareholders have an opportunity to exit at Rs.4.30 per share before the offer closes on May 14, 2026. The stock being suspended means there is no current market price for comparison, and shareholders should independently evaluate whether to participate.