Novartis India Open Offer: Only 182 shares tendered so far

Open offer triggeredListed-company acquisitionStrategic 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

-2.4%Reaction day

₹1466.00

prior close

₹1475.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.8% vs market

Pharmaceuticals peers, median of 163sector-0.6%-1.8% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.8 pts less 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

+1.0

10m

+0.7

15m

+0.7

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-0.6-1.8-0.6-1.8

Next day

-1.4-0.9-0.5-0.3-1.1

-2.5+0.1-2.6+0.5-2.9

-1.1+0.3-1.4+0.0-1.1

-0.4+1.2-1.6+0.3-0.7

+0.2+0.8-0.6+1.3-1.1

-0.4+0.3-0.7+0.1-0.5

15d

+7.4-0.2+7.7+0.8+6.6

+11.1+0.6+10.5+0.8+10.4

+1.7+4.7-3.0+1.4+0.3

+35.7+5.4+30.3+5.4+30.2

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 163Pending

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

AI summary

Acquirers WaveRise Investments, ChrysCapital Fund X and Two Infinity Partners are running an open offer to buy up to about 64.19 lakh equity shares (26 percent of voting capital) of Novartis India from public shareholders. As of June 24, 2026, only 182 shares were tendered in physical form and zero in demat form, around 0 percent of the offer size. Acceptance will follow SEBI SAST rules per the letter of offer dated June 1, 2026.

Likely market impact

Very weak public response so far at about 0 percent of offer size; final acceptance may stay small unless more shares are tendered before the offer closes.