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

Novartis India Limited's open offer to acquire up to 6,419,608 equity shares, representing 26% of its voting capital, has received an update. As of the latest disclosure, NIL shares have been tendered in dematerialized form, and 112 shares were submitted physically. These initial tender figures are subject to validation and verification. The final number of shares accepted by the acquirers in the open offer may differ from those currently tendered by public shareholders. This update provides insight into the preliminary response to the offer.