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Novartis AG, the erstwhile Promoter of Novartis India Limited, has divested its entire stake by selling 1.745 crore equity shares. This significant block represents 70.68% of the company's total share capital. The off-market transaction was valued at approximately INR 1,376.89 Cr. This sale marks a complete exit for Novartis AG, indicating a substantial change in the ownership structure. Shareholders should note this major shift as the former promoter no longer holds shares in the company.