Nil shares tendered in Novartis India open offer on June 16

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

NOVARTIND · price

Loading chart…

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

Price reaction · full curve 14 horizons · vs prior close

+2.3%1-day move

₹1326.10

prior close

₹1296.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.7+1.8+1.8+2.6+2.3+5.0+13.1+11.7+11.2+9.0+10.5+18.8——

Up moveDown movePending

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.