Novartis India reports minimal shares tendered during ongoing open offer
Novartis India Ltd has reported the number of equity shares tendered in connection with an active open offer. The offer involves the acquisition of up to 64,19,608 fully paidup equity shares from public shareholders. These shares represent 26% of the Voting Share Capital of the company.The open offer is being conducted by Acquirer 1 (WaveRise Investments Limited), Acquirer 2 (ChrysCapital Fund X, the first scheme of ChrysCapital Trust I), and Acquirer 3 (Two Infinity Partners). The acquisition process also involves PAC 1 (ChrysCapital X, LLC) and PAC 2 (OceanEdge Investments Limited) in their capacity as persons acting in concert with the Acquirers.
The report details the tender status of equity shares up to June 19, 2026.
Key data regarding the tendering of Equity Shares:
| Tender Channel | Quantity Tenders | Percentage of Offer Size |
|---|---|---|
| Dematerialized Form | NIL | NIL% |
| Physical Form | 10 | 0.00% |
The disclosure encompasses both the dematerialized and physical equity shares received by the relevant entities related to the open offer. The tendering of public shareholders' equity shares is subject to validation and verification of the complete set of documents as applicable, and the number tendered may differ from the number ultimately accepted by the Acquirers in the Open Offer.
NOVARTIND Stock Price Movement
Today, shares of Novartis India Limited rallied as the stock settled at ₹1388.9, closing up 2.03% in post-market trading. The equity recorded strong movement throughout the day, trading within an intraday range that stretched from a low of ₹1356.8 to a high of ₹1395.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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