Announced Fri, 19 Jun · 07:58 IST
Novartis India Open Offer Update - Equity Shares Tendered Disclosure 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
+9.5%1-day move
₹1369.40
prior close
₹1371.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-1.0-0.6+1.6+9.5+8.1+7.7+4.5+5.5+5.9+23.2+22.0——
Up moveDown movePending
AI summary
Axis Capital Ltd, acting as Manager to the Open Offer for Novartis India, has filed a disclosure with BSE detailing the number of equity shares tendered by public shareholders in the ongoing open offer. This is a routine update under SEBI takeover regulations, reflecting how many shares have been offered by shareholders in response to the open offer. The exact tendered quantity would be available in the detailed disclosure submitted to the exchange.
Likely market impact
Informs shareholders about tendering response in the open offer. Higher tendering indicates strong acceptance and may shift shareholding and control of Novartis India.