Open Offer27 Apr 2026, 09:51 pm
N2N Technologies: Harmony Remedies launches open offer for 40% stake at ₹4.30/share
AI Summary
Harmony Remedies India Private Limited, along with Persons Acting in Concert (PACs), has launched a mandatory open offer to acquire up to 1,291,228 equity shares of N2N Technologies Limited. This represents 40% of the expanded voting capital at a price of ₹4.30 per fully paid-up equity share, payable in cash. SEBI provided its final observation letter on April 13, 2026, and the Letter of Offer is now being dispatched to public shareholders. The open offer is scheduled to open on Thursday, April 30, 2026, and close on Thursday, May 14, 2026. The offer is not conditional upon any minimum level of acceptance.
Key Highlights
- Harmony Remedies India Private Limited launches open offer for N2N Technologies.
- Acquirer seeks to buy 1,291,228 shares, representing 40% of voting capital.
- Offer price is ₹4.30 per equity share, payable in cash.
- Offer opens April 30, 2026, and closes May 14, 2026.
- The open offer is mandatory and not conditional on minimum acceptance.