StockWatch
·
Pharmaceuticals
Open Offer10 Jul 2026, 08:55 am

Novartis India Open Offer Post-Offer Advertisement Filed

AI Summary

Axis Capital Ltd, acting as the Manager to the Open Offer for Novartis India Limited, has submitted a Post-Offer advertisement to BSE. This advertisement complies with Regulation 18(12) of the SEBI (SAST) Regulations. The open offer was made by WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners, along with persons acting in concert, for the acquisition of up to 64,19,608 equity shares, representing 26% of the voting share capital of Novartis India Limited. The advertisement was published on July 10, 2026, in Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi).

Key Highlights

  • Post-offer advertisement for Novartis India open offer submitted.
  • Acquisition involved up to 26% of voting share capital.
  • Open offer made by WaveRise Investments and ChrysCapital entities.
  • Advertisement published in Financial Express, Jansatta, and Navshakti.