Axis Capital Limited

Axis Capital Limited is playing a key role in several corporate events, though outcomes vary significantly. The firm is managing the IPO prospectus for Dhoot Transmission, signaling potential future equity offerings within the sector. Simultaneously, Axis Capital facilitated City Union Bank’s participation in its India Corporate Day, highlighting ongoing engagement with listed companies. However, the open offer for Novartis India, advised by Axis Capital, has received a negligible response, with zero shares tendered despite aiming to acquire a substantial 26% stake. This muted interest suggests limited appetite for the acquisition at the offered price, potentially reflecting investor sentiment or valuation concerns surrounding Novartis India.