Open Offer Details

The open offer is for acquisition of up to 64,19,608 (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.

Acquirers:

  • WaveRise Investments Limited (Acquirer 1)
  • ChrysCapital Fund X, the first scheme of ChrysCapital Trust I (Acquirer 2)
  • Two Infinity Partners (Acquirer 3)

Persons Acting in Concert (PACs):

  • ChrysCapital X, LLC (PAC 1)
  • OceanEdge Investments Limited (PAC 2)

Tender Status as of June 24, 2026

Demat Form Tenders:

  • Zero (0) equity shares tendered
  • Constitutes 0.00% of the offer size
  • Tendered in Open Offer Escrow Demat Account: "MIIPL NOVARTIS INDIA LIMITED OPEN OFFER ESCROW DEMAT ACCOUNT"
  • Depository: Ventura Securities Limited
  • DP ID: IN303116
  • Client ID: 15855051
  • PAN: AAACH2914F

Physical Form Tenders:

  • 182 equity shares tendered
  • Constitutes 0.00% of the offer size
  • Received by the Registrar to the Open Offer

Important Clarifications

  • The disclosure reflects shares tendered as per account statements and email communications from Ventura Securities Limited and the Registrar
  • All tendered shares are subject to validation and verification of complete document submission
  • "Validly tendered" shares will be accepted in accordance with SEBI (SAST) Regulations and the Letter of Offer dated June 1, 2026
  • The final number of shares accepted may differ from the current tender numbers