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 zero equity shares have been tendered by public shareholders as of June 16, 2026. This applies to shares tendered in both dematerialized form into the Open Offer Escrow Demat Account and in physical form with 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 shares tendered is subject to validation and verification.