Novartis India Open Offer Receives Minimal Share Tenders

Open Offer Details

The open offer is for acquisition of up to 64,19,608 fully paid-up equity shares of face value of ₹5 each, representing 26% of the voting share capital of Novartis India Limited. The acquirers are WaveRise Investments Limited (Acquirer 1), ChrysCapital Fund X (Acquirer 2), and Two Infinity Partners (Acquirer 3), along with persons acting in concert ChrysCapital X, LLC (PAC 1) and OceanEdge Investments Limited (PAC 2).

Tender Status as of June 19, 2026

• Dematerialized Shares Tendered: NIL Equity Shares (0.00% of Offer Size)
• Physical Shares Tendered: 10 Equity Shares (0.00% of Offer Size)

Account Specifications

The Open Offer Escrow Demat Account is maintained with Ventura Securities Limited, bearing:

• Depository Participant Identification Number: IN303116
• Client Identification Number: 15855051
• PAN: AAACH2914F
• Account Name: MIIPL NOVARTIS INDIA LIMITED OPEN OFFER ESCROW DEMAT ACCOUNT

Validation Process

The disclosure clarifies that all tendered shares are subject to validation and verification of submission of complete set of documents. The number of "validly tendered" shares that will ultimately be accepted may differ from the current figures and will be determined in accordance with:

• SEBI (SAST) Regulations
• Letter of Offer dated June 1, 2026