Announced Mon, 15 Jun · 18:47 IST
Novartis India Open Offer: Zero shares tendered on Day 1
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
+5.7%1-day move
₹1292.00
prior close
₹1300.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.6+2.0+1.8+1.5+5.7+5.0+7.7+16.1+14.6+10.8+12.5+23.6——
Up moveDown movePending
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.