Novartis India Ltd — Important, 20-02-2026: Company Update

Novartis India's promoter, Novartis AG, has agreed to sell 1.745 Cr equity shares, representing 70.68% of the company's paid-up capital, to WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners. The company's Board has approved and executed a covenant and warranty deed related to this transaction. Upon completion, Novartis AG will cease to be the promoter, and the acquirers will assume control, becoming the new promoters. The company has also agreed to change its name to remove "Novartis" references within 120 days post-transaction completion, signaling a major shift in ownership and management.