Open Offer11 Jun 2026, 08:32 am
Novartis India Open Offer: 64.2 Lakh Shares for 26% Stake
AI Summary
Axis Capital Ltd, acting as the Manager to the Open Offer, has submitted a Pre-Offer Advertisement to BSE for Novartis India Limited. The open offer, initiated by WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners (collectively, the Acquirers), along with ChrysCapital X, LLC and OceanEdge Investments Limited (PACs), aims to acquire up to 64,19,608 equity shares. This represents 26% of the total voting share capital of Novartis India Limited. The advertisement complies with SEBI (SAST) Regulations and provides details published in Financial Express, Jansatta, and Navshakti newspapers.
Key Highlights
- Open offer to acquire 64,19,608 shares of Novartis India.
- The offer represents 26% of the company's voting share capital.
- Acquirers include WaveRise Investments, ChrysCapital, and Two Infinity Partners.
- Axis Capital is managing the open offer process.
- Advertisement published in Financial Express, Jansatta, and Navshakti.
Price Impact
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