Few Shares Tendered in Open Offer for Novartis India Equity
The tender of equity shares from the public shareholders in connection with the Open Offer for Novartis India Limited has recorded very low figures as of June 23, 2026.The Open Offer concerns the acquisition of up to 64,19,608 fully paidup equity shares of face value INR 5 each, representing 26% of the Voting Share Capital of Novartis India Limited. The Acquirers in this transaction include WaveRise Investments Limited, ChrysCapital Fund X, Two Infinity Partners, ChrysCapital X, LLC, and OceanEdge Investments Limited.
As per the disclosure regarding the Open Offer, submissions were recorded across two channels: dematerialized form and physical form.
The details of shares tendered till June 23, 2026, are as follows:
| Tender Method | Equity Shares Tendered | Percentage of Offer Size |
|---|---|---|
| Demat Account | NIL | NIL% |
| Physical Form | 112 | 0.00% |
The Open Offer involves the acquisition of shares by a consortium that includes WaveRise Investments Limited, ChrysCapital Fund X, Two Infinity Partners, and two other Private Accredited Companies (PACs). The Acquirers are conducting this open offer for Novartis India Ltd.
NOVARTIND Stock Price Movement
Novartis India Limited shares today slipped by 0.72% to close at ₹1472.1, shedding ₹10.70 from the previous close. The stock finished trading amidst intraday volatility and recorded a total traded volume of 17,493 shares in the post-market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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