Novartis India Open Offer: 10 Shares Tendered by June 19

Axis Capital Ltd, the Manager to the Open Offer for Novartis India Limited, has provided an update on the acquisition of up to 64,19,608 equity shares (26% of voting share capital) by WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners. As of June 19, 2026, only 10 equity shares have been tendered in physical form to the Registrar, while zero shares have been tendered in dematerialized form into the Open Offer Escrow Demat Account. The disclosure clarifies that these figures reflect shares received and are subject to validation. The final acceptance will be in accordance with SEBI regulations and the Letter of Offer.