Acquisitions26 Feb 2026, 06:26 pm
Axis Capital Submits Detailed Public Statement for Novartis India Open Offer
AI Summary
Axis Capital Ltd, on behalf of WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners, has submitted a detailed public statement for an open offer to acquire up to 64,19,608 equity shares of Novartis India Limited, representing 26% of the company's voting share capital. The offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Axis Capital submitted a detailed public statement for an open offer on behalf of WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners.
- The open offer is for acquiring up to 64,19,608 equity shares of Novartis India Limited, representing 26% of the company's voting share capital.
- The offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The detailed public statement was published in various newspapers on February 26, 2026.