ChrysCapital-led Open Offer Sees Near-Zero Tendering
NOVARTIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Axis Capital, manager to the open offer, reports that as of June 19, 2026, only 10 equity shares (0.00 percent of offer size) had been tendered by public shareholders of Novartis India. The offer covers up to 64,19,608 shares, equal to 26 percent of voting share capital, at INR 5 face value. Acquirers are WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners, with ChrysCapital X LLC and OceanEdge Investments as persons acting in concert. NIL shares came in demat form, 10 in physical. Letter of Offer was dated June 1, 2026.
Very weak response from public shareholders so far. Offer still open; acceptance depends on valid tendering and SEBI SAST checks.