Novartis AG to sell entire 70.68% stake for ₹1,445.89 crore in India unit; stock jumps 18%
Novartis India shares rose 18% after Novartis AG agreed to sell its 70.68% stake to a consortium, triggering a mandatory open offer. The open offer allows public shareholders to tender 26% of equity at ₹860.64 per share, marking a significant control shift.
Novartis India shares rose 18% after Novartis AG agreed to sell its 70.68% stake to a consortium, triggering a mandatory open offer. The open offer allows public shareholders to tender 26% of equity at ₹860.64 per share, marking a significant control shift.
What's Your Reaction?
DDP Editor
Admin managing news updates, RSS feed curation, and PR content publishing. Focused on timely, accurate, and impactful information delivery.
