Novartis India Ltd - 500672 - Announcement under Regulation 30 (LODR)-Open Offer - Updates
Novartis India's Independent Directors Committee (IDC) has recommended the open offer by Acquirers for acquiring up to 26% of the company's equity at Rs.860.64 per share. The IDC considers the offer fair and reasonable based on the regulatory pricing framework.
Jun 04 2026 23:10:22
Novartis India Ltd - 500672 - Announcement under Regulation 30 (LODR)-Open Offer - Updates
Novartis India Ltd received the Letter of Offer for the open offer from WaveRise Investments and others. The offer is to acquire up to 26% of voting share capital at INR 860.64 per share. The tendering period for the offer is from June 11, 2026, to June 24, 2026.
Jun 04 2026 19:44:45
Novartis India Ltd - 500672 - Letter of Offer
Novartis India announced a mandatory open offer to acquire up to 26% of its equity from public shareholders. The offer price is fixed at INR 860.64 per share. This follows an agreement by Acquirers to acquire 70.68% stake from Novartis AG.
Jun 03 2026 10:19:00
Novartis India Ltd - 500672 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Novartis issued a corrigendum to its postal ballot notice for the appointment of Ms. Gowree Gokhale as an Independent Director. The resolution type has been changed from an Ordinary Resolution to a Special Resolution, requiring a higher threshold of shareholder approval.
May 16 2026 15:35:01
Novartis India Ltd - 500672 - Board Meeting Outcome for Outcome Of The Board Meeting Held On Tuesday, May 12, 2026 To Approve The Audited Financial Results For The Quarter And The Financial Year Ended March 31, 2026.
Novartis India board approved Q4 FY26 and FY26 audited financial results, with Q4 total income of ₹1,005.6 million and net profit of ₹252.5 million. The board recommended a nil dividend for FY26. Significantly, Novartis AG has sold its 70.68% stake in the company to a consortium of acquirers, including WaveRise, ChrysCapital, and Two Infinity Partners, triggering an open offer and change of control.
May 12 2026 14:06:32
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