Novartis India Ltd — Important, 29-07-2026: Company Update

Novartis India Limited announced a significant change in its ownership structure. Novartis AG has completed the sale of approximately 1.75 Cr equity shares, representing 70.68% of the company, to WaveRise Investments and ChrysCapital Funds. As a result, WaveRise and ChrysCapital Funds have taken control of Novartis India, and Novartis AG has been reclassified from a 'Promoter' to a 'Public' shareholder. The new owners also conducted an open offer to acquire up to 64.19 lakh shares, or 26%, from public shareholders. This reclassification reflects Novartis AG's reduced stake and control.