Announced Thu, 25 Jun · 08:24 IST
Novartis India Open Offer: Only 182 shares tendered so far
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
-1.4%1-day move
₹1466.00
prior close
₹1475.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+0.7+0.7+0.2-1.4-2.5-1.1-0.4+0.2-0.4+7.4+11.1——
Up moveDown movePending
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.