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Novartis India Stock Surges to Upper Circuit, Market Cap Tops 2400 Crore on Novartis AG Stake Sale to ChrysCapital
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Novartis India Shares Hit Upper Circuit, Trading Halted Amidst Ownership Change
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CNBC Awaaz
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20-02-2026, 11:11
Novartis India Shares Hit Upper Circuit, Trading Halted Amidst Ownership Change
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Novartis India shares surged, hitting the upper circuit on February 20, halting trading.
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Market capitalization soared from 2000 crore to over 2403 crore rupees.
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The surge is driven by Novartis AG selling its 70.68% stake to ChrysCapital.
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ChrysCapital has launched an open offer at 860.64 rupees per share, signaling a change in control.
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Novartis India markets branded generic drugs, with FY25 revenue of 356 crore and profit of 101 crore.
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