Announced Fri, 10 Jul · 08:55 IST
Novartis India open offer closes with near-zero response (post-offer ad filed)
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
+15.1%1-day move
₹1465.10
prior close
₹1465.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+1.8+1.8—+15.1+11.3+7.2+9.0+7.5+15.8————
Up moveDown movePending
AI summary
ChrysCapital-led consortium filed the post-offer ad for its Novartis India open offer. The offer for 64.19 lakh shares (26 percent) at INR 860.64 ran June 11 to June 24, 2026 but got almost no response from public shareholders - only 182 shares tendered, 40 accepted, payout around 34,426 rupees. Meanwhile, the underlying sale of 70.68 percent from Novartis AG to the acquirers proceeds, and acquirers 1 and 2 will become promoters once the deal closes.
Likely market impact
Public shareholders showed no interest at INR 860.64/share. Control transfers to ChrysCapital consortium from Novartis AG via the underlying 70.68% stake sale.