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Two Infinity Partners
5 articles
The minimal response to the open offer for Novartis India highlights challenges for WaveRise and ChrysCapital, backed by Two Infinity Partners, in acquiring a controlling stake. Despite a tender price of ₹860.64 per share and a recommended acceptance from the Independent Directors Committee, the offer has received virtually no shares, with only a handful tendered as of the latest updates. This subdued response suggests limited interest from public shareholders in selling their holdings, potentially complicating the acquirers' plans to secure the targeted 26% stake and full control of Novartis India. Investors should monitor whether tendering activity increases before the offer closes on June 24th, as a failure to secure the desired stake could impact the investment thesis.
Novartis India Open Offer Receives Nil Demat Tenders
Axis Capital discloses tender status for WaveRise-ChrysCapital open offer for 26% stake in Novartis India.
Zero equity shares tendered in dematerialized form as of June 24, 2026.
Only 182 physical sha
Novartis India Open Offer Receives Minimal Share Tender
Axis Capital discloses tender update for open offer to acquire 26% of Novartis India.
Zero equity shares tendered in demat form and 112 shares in physical form as of June 23, 2026.
Tendered shares rep
Novartis India Open Offer Receives Minimal Tender Response
Axis Capital discloses tender update for Novartis India open offer by WaveRise, ChrysCapital, and Two Infinity.
Zero equity shares tendered in demat form and only 10 physical shares received as of Jun
Novartis India Open Offer Receives Minimal Share Tender
• Axis Capital discloses tender status for Novartis India's 26% open offer by WaveRise and ChrysCapital.
• Zero equity shares tendered in dematerialized form as of June 18, 2026.
• Only 10 physical sh
Novartis India 26% Open Offer at ₹860.64/Share
Acquirers announce mandatory open offer for 26% of Novartis India shares at ₹860.64 per share.
Independent Directors Committee recommends the offer as fair per SEBI pricing regulations.
Tendering peri