Novartis India Open Offer: Zero Shares Tendered on June 11

Axis Capital Ltd, the Manager to the Open Offer for Novartis India Limited, has reported that on June 11, 2026, no equity shares were tendered in the Open Offer Escrow Demat Account or in physical form. This update pertains to the acquisition of up to 64,19,608 equity shares by WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners. The disclosure clarifies that the number of shares tendered is subject to validation and verification. The total number of shares validly tendered will be accepted as per SEBI regulations and the Letter of Offer.