Novartis India Open Offer: Zero Shares Tendered So Far

Axis Capital Ltd, the Manager to the Open Offer for Novartis India Limited, has disclosed that as of June 17, 2026, zero equity shares have been tendered by public shareholders. This applies to shares submitted both in dematerialized form to the Open Offer Escrow Demat Account and in physical form to the Registrar. The Open Offer, initiated by WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners, aims to acquire up to 26% of the company's voting share capital. The disclosure clarifies that the number of tendered shares is subject to validation and may differ from the final accepted shares.