Novartis India Ltd — Important, 19-02-2026: Company Update

Novartis India's promoter, Novartis AG, has entered an agreement to sell its entire 70.68% stake, totaling 1.745 crore equity shares, to a consortium comprising WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. This transaction signifies a change of control, with the acquirers becoming the new promoters of Novartis India. A mandatory open offer will follow for public shareholders. The acquirers will gain rights to nominate directors to the board, and the company's name may also be changed post-acquisition, marking a significant strategic shift.