BSECompany Update23 Jun 2026 · 23 Jun 2026, 06:58 pm

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 captioned Open Offer to the Public Shareholder ....

Novartis India Ltd · 500672

✦ AI SummaryM&A

Novartis India Ltd announced an update on the open offer by WaveRise Investments Limited and other acquirers to acquire up to 26% of the company's voting share capital. As of June 23, 2026, a negligible number of shares (NIL in demat and 112 in physical form) have been tendered, representing 0.00% of the offer size. This indicates very low participation from public shareholders in the ongoing offer.

Analysis Scores

Earnings Impact5/10
Growth Catalyst4/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact6/10
Market Sentiment5/10

Full Announcement

Novartis India Ltd - 500672 - Updates on Open Offer