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

Novartis India Limited's board has noted the completion of the sale of 17,450,680 equity shares by Novartis AG to WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. This transaction has resulted in a change of control, with Novartis AG ceasing to be a promoter and reclassified to the public category. The board also appointed three new non-executive and three independent directors while acknowledging the resignation of six existing directors, including key managerial personnel. This marks a significant shift in the company's ownership and leadership structure.