Nil shares tendered in Novartis India open offer on June 16

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

NOVARTIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.0%Reaction day

₹1326.10

prior close

₹1296.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+1.9% vs market

Pharmaceuticals peers, median of 162sector-0.2%+3.2% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 3.2 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.7

10m

+1.8

15m

+1.8

30m

+2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.0+1.1+1.9-0.2+3.2

Next day

+2.3+1.6+0.7+0.3+2.0

+5.0+2.4+2.6+0.6+4.4

+13.1+3.3+9.8+1.0+12.1

+11.7+2.5+9.1+1.7+10.0

+11.2+2.4+8.8+1.5+9.7

+9.0+1.5+7.4+1.7+7.3

15d

+10.5+2.6+7.9+3.6+6.9

+18.8+2.2+16.6+3.1+15.6

+19.0+6.8+12.2+4.2+14.8

+57.9+5.9+52.0+8.4+49.5

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 162Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Axis Capital, manager to the Novartis India open offer, disclosed that NIL equity shares were tendered on June 16, 2026 — both in the demat escrow account and in physical form. The offer is for up to 64.19 lakh equity shares (26% of voting share capital) by WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners, along with PACs ChrysCapital X LLC and OceanEdge. Letter of Offer was dated June 1, 2026.

Likely market impact

Zero tendering on this day suggests the offer price may be below market expectations; shareholders appear to be holding out for a higher price.