Announced Tue, 23 Jun · 18:58 IST
Novartis India Open Offer sees minimal tendering as of June 23
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
-3.0%1-day move
₹1474.90
prior close
₹1480.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+2.4+1.4+0.9-3.0-2.0-3.0-1.7-1.0-1.6+8.3+11.9——
Up moveDown movePending
AI summary
Axis Capital, manager to the Novartis India open offer, disclosed tendering status as of June 23, 2026. The offer is for up to 64.196 lakh equity shares (26 percent of voting capital) at face value INR 5, by WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. Only 112 physical shares have been tendered so far, with zero demat shares, totaling about 0.00 percent of the offer size.
Likely market impact
Very low early tendering suggests public shareholders may be waiting for more clarity or better terms; offer remains open.