Announced Wed, 29 Jul · 19:22 IST
Novartis AG fully exits Novartis India, sells entire 70.68 percent promoter stake
NOVARTIND · price
▲ 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
-2.4%1-day move
₹1600.00
prior close
₹1610.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.4+2.8+1.8+2.3-0.1+0.2-7.3———
Up moveDown movePending
AI summary
Novartis AG, the promoter, sold its full holding of 1,74,50,680 equity shares (70.68 percent of share capital) in Novartis India Limited via an off-market deal on July 29, 2026, under a sale agreement dated February 19, 2026. After the sale, Novartis AG holds zero shares and will be reclassified from promoter to public category. Total equity capital is 2,46,90,797 shares of INR 5 each.
Likely market impact
Complete change of control. New acquirer likely gains 70 percent stake, expect major corporate, board and strategy changes ahead.