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

An open offer is progressing for the acquisition of up to 0.64 Cr equity shares, representing 26% of Novartis India's voting capital, by WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. As an update, no shares have been tendered by public shareholders yet, either in dematerialized or physical form. This means 0% of the offer size has been received. All shares tendered by public shareholders will be subject to validation and verification before final acceptance.