Novartis India Ltd — Important, 26-02-2026: Company Update

Novartis India has announced the receipt of a Detailed Public Statement regarding a mandatory Open Offer. A consortium including WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners, with persons acting in concert, will acquire up to 64.20 lakh (26%) equity shares at INR 860.64 per share. This follows their agreement to purchase Novartis AG’s 70.68% stake for approximately 1,445.89 crore, triggering the offer. Post-acquisition, the new acquirers will become promoters, leading to a change of control and a proposed company name change. They intend to support management for sustained growth of existing business activities.