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Novartis to Exit Indian Unit With $159 Million Stake Sale

On February 20, 2026, Novartis AG agreed to sell its 70.68% stake in Novartis India Ltd. to a consortium of WaveRise Investments, ChrysCapital Fund X and Two Infinity Partners for 14.46 billion rupees.
Novartis said the two-year strategic review conveyed in February 2024 led to the divestment and a shift to a pure‑play innovative medicines strategy.
Shares of NIL jumped around 16% to ₹966.50 at 11.30 a.m., from a Thursday close of ₹830.45, after rising about 20%.
The deal triggered a mandatory open offer to acquire up to 26% of NIL at ₹860.84 per share, valuing that at about 5.52 billion rupees, and Novartis will cease control.
Novartis will continue operations in India through its wholly owned Novartis Healthcare Pvt. Ltd., which houses the Novartis Corporate Centre in Hyderabad and manages R&D teams conducting clinical trials at more than 300 sites.

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Novartis to Exit Indian Unit With $159 Million Stake Sale

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15 hours ago·Bern, Switzerland

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The Hindu

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Novartis India shares zoom on Swiss parent’s ₹1,446 cr. exit plan

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16 hours ago·India

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The Economic Times

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Novartis India shares surged nearly 18% after its Swiss parent announced the sale of its 70.68% stake for approximately Rs 1,446 crore. A consortium of investors will acquire the stake at Rs 860.64 per share, a 3.6% premium. They've also launched an offer for an additional 26% from public shareholders.

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