Novartis shares surge 20% after open offer by ChrysCapital, 2 others; promoter exit

Public shareholders welcomed the deal, pushing the MNC stock past the Rs 950 mark, even as the open offer price was set at Rs 860.64, a 3.64 per cent premium overThursday’s closing price of Rs 830.45 apiece.

Novartis shares surge 20% after open offer by ChrysCapital, 2 others; promoter exit
Public shareholders welcomed the deal, pushing the MNC stock past the Rs 950 mark, even as the open offer price was set at Rs 860.64, a 3.64 per cent premium overThursday’s closing price of Rs 830.45 apiece.

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