Novartis India Ltd — Important, 01-01-1970: Company Update

Axis Capital, manager to the open offer for Novartis India Limited, has provided an update on the acquisition of up to 64,19,608 shares, representing 26% of the company's voting capital, by WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. As of the latest disclosure, no equity shares have been tendered into the open offer, either in dematerialized or physical form. This means public shareholders have not yet submitted any shares for the acquisition, an important detail for investors tracking the offer's progress.