Harmony Remedies Open Offer for 40% of N2N Technologies

Harmony Remedies India Private Limited makes a mandatory open offer to acquire 1,291,228 shares (40%) of N2N Technologies at ₹4.30 per share, triggered by an acquisition of control agreement.
The offer price of ₹4.30 per share is justified per SEBI SAST Regulations as the stock is infrequently traded, with total consideration of ₹55.52 lakhs fully escrowed.
Post-offer public shareholding may fall below 25% minimum requirement, requiring acquirer to ensure compliance within 12 months as per SEBI regulations.
The target company's shares are suspended from trading due to non-payment of listing fees and SOP fines totaling ₹8.43 lakhs including GST, which the acquirer has partially paid.