Novartis India Ltd - 500672 - Updates on Open Offer
Novartis India's open offer to acquire 26% of its voting share capital saw virtually no participation, with NIL demat shares and only 10 physical shares tendered by June 19, 2026. This indicates a significant undersubscription of the offer.
Jun 19 2026 19:34:59
Novartis India Ltd - 500672 - Updates on Open Offer
Novartis India Limited's open offer to acquire 26% of its equity shares recorded no tenders as of June 16, 2026. This indicates no shareholder participation in the offer as of the reporting date.
Jun 16 2026 19:17:42
Novartis India Ltd - 500672 - Updates on Open Offer
Novartis India disclosed that nil equity shares were tendered by public shareholders in the open offer to acquire up to 26% of its voting share capital. This update was reported on June 12, 2026.
Jun 12 2026 19:30:36
Novartis India Ltd - 500672 - Updates on Open Offer
Novartis India Ltd's open offer to acquire up to 26% of its voting share capital received zero shares tendered from public shareholders. This indicates a lack of acceptance of the offer terms by the public.
Jun 11 2026 20:05:38
Novartis India Ltd - 500672 - Pre-Offer Advertisement & Corrigendum to Detailed Public Statement
Acquirers of Novartis India, led by WaveRise Investments and ChrysCapital Fund X, launched a mandatory open offer to acquire up to 26% of the company's shares. The offer price is Rs.860.64 per share, notably lower than the market price of Rs.1351.20 on June 4, 2026, as highlighted by the Independent Directors Committee.
Jun 11 2026 08:31:19
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
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