StockWatch
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Diversified Commercial Services
Open Offer29 Apr 2026, 02:21 pm

N2N Technologies: Open Offer at 4.30/Share for 40% Stake

AI Summary

Harmony Remedies India Private Limited, along with Persons Acting in Concert (PACs) Mr. Firoze Nariman Kapadia and Ms. Aditi Vipin Parikh, has launched an open offer for N2N Technologies Limited. The offer aims to acquire up to 1,291,228 equity shares, representing 40% of the Expanded Voting Capital, at a price of 4.30 per fully paid-up equity share. The Offer Opening Public Announcement and Corrigendum to Detailed Public Statement were published on April 29, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Independent Directors Committee (IDC) has also published its recommendation on the offer.

Key Highlights

  • Harmony Remedies and PACs launched an open offer for N2N Technologies.
  • Offer is to acquire 1,291,228 shares, representing 40% of voting capital.
  • The offer price is 4.30 per equity share, with no revision.
  • Offer opening public announcement published on April 29, 2026.
  • Independent Directors Committee has issued its recommendation on the offer.