N2N Technologies Ltd

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

- Harmony Remedies India Private Limited offers ₹4.30 per share for up to 1,291,228 equity shares (40% of expanded voting capital).

- Total maximum consideration: ₹55,52,280.40 if fully subscribed.

- Tender period: April 30 to May 14, 2026; settlement within 10 working days after closure.

- Escrow account established with ₹56,00,000 deposit with Kotak Mahindra Bank.

- Capital gains tax rates: short-term (≤12 months) taxed at normal rates; long-term (>12 months) at 12.5% plus surcharge and cess for non-residents.

- Tendering shares is an off-market transaction, not subject to Securities Transaction Tax (STT).

- N2N Technologies has 3,228,069 equity shares listed on BSE (currently suspended for non-payment of annual listing fees).

- Acquirer plans to diversify N2N Technologies into pharmaceutical sector post-acquisition.

- Acquirer net worth: ₹209.71 lakhs (as of Sept 30, 2025).

- N2N Technologies has outstanding SOP fines and GST totaling ₹8,43,488 (as of April 1, 2026).

- Post-offer public shareholding may fall below 25% minimum; acquirer commits to ensure compliance.