Announced Tue, 23 Jun · 08:17 IST
Novartis India open offer: Zero shares tendered in demat as of June 22
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
-2.3%1-day move
₹1510.10
prior close
₹1513.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+0.6-0.9-0.2-2.3-5.2-4.3-5.3-4.0-2.7+4.0+11.7——
Up moveDown movePending
AI summary
Axis Capital, manager to Novartis India open offer, disclosed that as of June 22, 2026, NIL shares were tendered in demat form and 10 shares in physical form, together about 0.00 percent of the offer size of 64,19,608 shares. The offer is for 26 percent of voting capital from public shareholders, by WaveRise Investments, ChrysCapital, and Two Infinity Partners.
Likely market impact
Very low shareholder response so far; final acceptance depends on offer price versus market price.