Axis Capital Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Disclosure of number of Equity Shares tendered in connection with the Open Offer to the Public Shareholder ....

Novartis India Ltd's open offer by WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners to acquire up to 26% of the company's equity has received an extremely low response from public shareholders. As of June 22, 2026, only 10 physical shares and zero dematerialized shares have been tendered, representing a negligible 0.00% of the total offer size. This indicates a significant lack of interest from public shareholders in tendering their shares at the offered price.