{"id":13790,"date":"2026-02-20T07:28:17","date_gmt":"2026-02-20T07:28:17","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/13790\/"},"modified":"2026-02-20T07:28:17","modified_gmt":"2026-02-20T07:28:17","slug":"novartis-to-sell-majority-stake-in-india-unit-in-%e2%82%b91446-crore-deal-company-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/13790\/","title":{"rendered":"Novartis to sell majority stake in India unit in \u20b91,446 crore deal | Company News"},"content":{"rendered":"<p><img class=\"img-fluid w-100 lazy-img\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/1763621084-2897.JPG\" title=\"Novartis\" alt=\"Novartis\" width=\"826\" height=\"465\" loading=\"eager\" fetchpriority=\"high\" decoding=\"async\" style=\"width:100%;height:auto;max-width:100%;display:block;object-fit:cover\"\/><\/p>\n<p class=\"MainStory_captiontext__pELgL captiontext\">The stake will be acquired by a consortium of WaveRise Investments, ChrysCapital and Two Infinity Partners (Photo: Reuters)<\/p>\n<p>1 min read  Last Updated : Feb 20 2026 | 9:38 AM IST<\/p>\n<p>&#13;<br \/>\n\tSwiss drugmaker Novartis said on \u200bFriday it would sell its \u200bentire 70.68 per cent stake in \u200cits listed Indian unit for \u20b91,446 crore ($159 million).<\/p>\n<p>&#13;<br \/>\n\tThe stake will be acquired by a consortium of WaveRise Investments, ChrysCapital and Two Infinity Partners.<\/p>\n<p>&#13;<br \/>\n\tThe companies have \u200calso made an offer to purchase an additional 26 per cent stake from Novartis India&#8217;s public shareholders, under takeover regulations that mandate such an \u200bexercise on purchase of a shareholding of \u200cover 25 per cent.<\/p>\n<p>&#13;<br \/>\n\tThe consortium will offer \u200bNovartis India&#8217;s \u200cpublic shareholders \u20b9860.64\u00a0per share, \u200can exchange filing showed, representing a 3.6 per cent \u200cpremium to \u200bits closing \u200bprice on Thursday.<\/p>\n<p>\u00a0<\/p>\n<p style=\"font-style: italic;\" id=\"auto_disclaimer\">(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)<\/p>\n<p>First Published: Feb 20 2026 | 9:37 AM IST<\/p>\n","protected":false},"excerpt":{"rendered":"The stake will be acquired by a consortium of WaveRise Investments, ChrysCapital and Two Infinity Partners (Photo: Reuters)&hellip;\n","protected":false},"author":2,"featured_media":13791,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[10049,9992,10048,206,9922,10046,10045,10047,9970,9968],"class_list":{"0":"post-13790","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-novartis","8":"tag-8377860-64-per-share","9":"tag-chryscapital","10":"tag-indian-pharma-sector","11":"tag-novartis","12":"tag-novartis-india","13":"tag-open-offer","14":"tag-stake-sale","15":"tag-takeover-regulations","16":"tag-two-infinity-partners","17":"tag-waverise-investments"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/13790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=13790"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/13790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/13791"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=13790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=13790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=13790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}