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

Novartis India's board confirmed the completion of the sale of 17,450,680 equity shares from Novartis AG to WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. This significant transaction means Novartis AG has ceased control and been reclassified from promoter to public shareholder, with WaveRise and Fund X now in control. The company's board saw a leadership change with the appointment of six new directors and the acceptance of resignations from six existing directors, including the former Chairperson and two Whole-time Directors.