BSEN2N Technologies LtdHighNeutral
Announced Mon, 20 Apr, 2026 · 18:58 IST

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

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDFExplain this filing
Price reaction

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.