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Novartis India's board confirmed the completion of a significant ownership change. Novartis AG sold 17,450,680 equity shares to WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners, concluding the open offer. As a result, Novartis AG is reclassified from promoter to public shareholder, with WaveRise and Fund X now holding control. The board saw substantial restructuring, with six directors resigning, including the Chairperson and CFO. Six new directors were appointed, comprising three non-executive and three independent members, reflecting the company's new leadership and strategic path.