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

An open offer to acquire up to 64.19 lakh equity shares, representing 26% of Novartis India Limited's voting share capital, has received no tenders from public shareholders so far. WaveRise Investments Limited, ChrysCapital Fund X, and other acquirers initiated this offer. As of the latest update, zero shares have been tendered in either dematerialized or physical form. This means public shareholders have not yet participated in the offer. Any tendered shares would undergo validation and verification. This update is important for investors monitoring the progress and uptake of the open offer.