ChrysCapital's open offer for Novartis India fails due to share surge

ChrysCapital's open offer for Novartis India fails as shares surge — ChrysCapital’s open offer to acquire shares in Novartis India failed as the stock price surged past the offer price of ₹7,425 per share, preventing successful acquisition. The arbitrage window closed due to strong retail interest and market momentum. Only 0.04% of shares were tendered against the targeted 26%.
📊 STOCKS: NOVARTIS | 🏢 SECTOR: Pharma | #MEDIUMIMPACT #M&A