Sale29 Jul 2026, 07:31 pm
Novartis AG Sells 70.68% Stake in Novartis India Ltd
AI Summary
Novartis AG has disclosed the sale of 1,74,50,680 equity shares, representing 70.68% of the total share capital, in Novartis India Limited. This transaction, effective July 29, 2026, marks Novartis AG's exit from its promoter status in Novartis India Ltd. Following the sale, Novartis AG will be reclassified from a promoter to a public category shareholder. The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Novartis AG sold 70.68% stake in Novartis India Ltd.
- Sale involves 1,74,50,680 equity shares.
- Novartis AG ceases to be a promoter.
- Seller reclassified from promoter to public shareholder.
- Disclosure filed under SEBI SAST Regulations.
Price Impact
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