Novartis India open offer gets low public response

Novartis India open offer sees minimal public share acceptance. Only 0.36% of public shares were tendered, far below expectations. The open offer, aimed at increasing stake, saw strong resistance from minority shareholders. Majority shareholding remains unchanged post-offer.

📊 STOCKS: NOVARTISIND | 🏢 SECTOR: Pharma | #LOWIMPACT #openoffer