Open Offer for N2N Technologies by Harmony Remedies at ₹4.30/share

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Harmony Remedies India Pvt Ltd, along with two persons acting in concert, is making a mandatory open offer for N2N Technologies Ltd to acquire up to 12,91,228 shares (40% of expanded voting capital) at ₹4.30 per share, totalling ~₹55.5 lakh in cash. Offer runs April 30 – May 14, 2026. The offer is triggered by an October 2025 control-change agreement with existing promoter Rahul Shah, who holds 43.11%. N2N shares are currently suspended from BSE trading; the acquirer has paid pending listing fees to help revive trading.

Likely market impact

Public shareholders can tender at ₹4.30/share between Apr 30–May 14, 2026. Management control shifts to Harmony Remedies; shares are currently suspended from BSE trading.