Zero Shares Tendered in Novartis India Open Offer as of June 16, 2026
Novartis India Ltd has disclosed the results of the open offer regarding its equity shares acquisition. The offer involved Acquirers including WaveRise Investments Limited and ChrysCapital Fund X, among others, attempting to acquire up to 64,19,608 fully paidup equity shares representing 26% of the voting share capital.The disclosure confirmed that as of June 16, 2026, zero shares had been tendered in response to the open offer. This applies both for the dematerialized and physical forms of the equity shares.
Details regarding the tendering of Equity Shares are summarized below:
| Tender Type | Date of Tendering | Number of Shares Tendered | Percentage of Offer Size |
|---|---|---|---|
| Dematerialized Form | June 16, 2026 | NIL | NIL% |
| Physical Form | June 16, 2026 | NIL | NIL% |
The tender results reflect the shares submitted into the Open Offer Escrow Demat Account and those received physically by the Registrar to the Open Offer. While the Public Shareholders tendered shares in both formats, the number of Equity Shares tendered may differ from the shares that will be accepted by the Acquirers in the open offer. The tendering process requires validation and verification of all submitted documents.
NOVARTIND Stock Price Movement
Today, Novartis India Limited shares edged higher in post-market trading, closing at ₹1323.50 after settling up by 2.36%. The stock’s performance saw a volume of 10,527 shares traded during the 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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