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Novartis to exit Indian unit in $159 million deal

Novartis to exit Indian unit in 9 million deal

Image used for illustration purpose only.
| Photo Credit: Reuters

Swiss drugmaker ‌Novartis said on Friday (February 20, 2026) ​it ⁠would sell its entire 70.68% stake in its listed ‌Indian unit for ₹14.46 billion ‌($159 million).

The stake ‌will ⁠be acquired ⁠by a consortium of WaveRise Investments, ChrysCapital and Two ​Infinity ‌Partners.

The companies have also made an offer to purchase an additional ‌26% stake ​from Novartis India’s public shareholders, under takeover ⁠regulations that mandate such an exercise ‌on purchase of a shareholding of over 25%.

The consortium will offer Novartis India’s public shareholders ‌860.64 rupees per share, ​an exchange filing showed, representing a ⁠3.6% premium to its ⁠closing price on Thursday.

Published – February 20, 2026 09:23 am IST

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