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

A disclosure on the open offer for acquiring up to 64.19 lakh equity shares, representing 26% of Novartis India Limited's voting share capital, has been issued by a group of acquirers. The update states that zero shares were tendered by public shareholders in the open offer, either in dematerialized or physical form. This means no shares were submitted for acquisition on the day reported. The tendered shares are subject to validation and verification before final acceptance. This provides shareholders with a factual status report on the participation in the ongoing acquisition offer.