Novartis India Open Offer: Zero Shares Tendered

Axis Capital Ltd, acting as the Manager to the Open Offer for Novartis India Limited, has reported that as of June 12, 2026, no equity shares have been tendered. This applies to both shares in the Open Offer Escrow Demat Account and those in physical form submitted to the Registrar. The Open Offer, initiated by WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners, aimed to acquire up to 64,19,608 equity shares, representing 26% of the company's voting share capital. The current nil tender status is subject to validation and verification of submitted documents.