Novartis India Open Offer: Zero shares tendered on Day 1

Open Offer TriggeredListed Co 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

+2.6%Reaction day

₹1292.00

prior close

₹1300.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+2.0% vs market

Pharmaceuticals peers, median of 164sector-0.2%+2.7% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.7 pts more 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

+1.6

10m

+2.0

15m

+1.8

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+0.6+2.0-0.2+2.7

Next day

+5.7+1.7+4.1-0.3+6.0

+5.0+2.1+2.8+0.5+4.5

+7.7+3.0+4.8+0.5+7.2

+16.1+3.8+12.3+1.4+14.7

+14.6+3.1+11.5+1.7+13.0

+10.8+2.4+8.4+1.2+9.6

15d

+12.5+1.3+11.2+2.2+10.3

+23.6+3.9+19.7+4.7+18.9

+22.1+7.4+14.7+2.7+19.4

+54.3+5.6+48.7+6.5+47.8

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 164Pending

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

AI summary

Axis Capital reported that on Day 1 (June 15, 2026), zero shares were tendered in the open offer for Novartis India. The offer seeks up to 64,19,608 shares (26% of voting capital) from public shareholders, by WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. The offer window remains open and shareholders can still tender.

Likely market impact

Day 1 saw no tendering; may signal shareholders waiting or expecting higher price. Offer still open for participation.