Consortium acquires Novartis's stake in Novartis India Limited

Health Care · India · $159M

ChrysCapital Fund X, WaveRise Investments, and Two Infinity Partners agreed in February 2026 to acquire Novartis's 70.68% stake in its listed Indian subsidiary, Novartis India Limited, for approximately 159 million dollars, with a related mandatory open offer to public shareholders for up to 26% of shares at 860.64 rupees each.