Novartis India Open Offer: Nil Shares Tendered in Escrow

Axis Capital Ltd, the Manager to the Open Offer for Novartis India Limited, has disclosed that as of June 18, 2026, no equity shares have been tendered into the Open Offer Escrow Demat Account. Additionally, only 10 equity shares have been tendered in physical form. This disclosure pertains to the Open Offer by WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners to acquire up to 26% of the Target Company's voting share capital. The tendered shares are subject to validation and verification.