Novartis India

May 12 (Reuters) - Novartis India Ltd NOIN.BO:

• NOVARTIS INDIA LTD MARCH-QUARTER PROFIT 252.5 MILLION RUPEES

• NOVARTIS INDIA LTD MARCH-QUARTER REVENUE FROM OPERATIONS 905.5 MILLION RUPEES

Source text: ID:nBSE5dBxmg

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March 27 (Reuters) - Novartis India Ltd NOIN.BO:

• RECEIVES TAX DEMAND OF 102.8 MILLION RUPEES

Source text: ID:nBSE8qwqlJ

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Adds details of deal and company background

Feb 20 (Reuters) - Swiss drugmaker Novartis NOVN.S will sell its entire 70.68% stake in its listed Indian unit NOIN.BO to a private equity-led consortium for about $159 million, as part of a broader global restructuring.

The consortium, comprising WaveRise Investments, ChrysCapital Fund X and Two Infinity Partners, will buy the stake in Novartis India through a share purchase agreement.

The group has also made a mandatory open offer to buy an additional 26% of the company at 860.64 rupees per share, a 3.6% premium to its closing price on Thursday.

Shares of Novartis India surged nearly 20% to 996.5 rupees on Friday.

The exit comes two years after Novartis began a strategic review of Novartis India, including assessing its stake in the Mumbai-based firm.

In April 2025, Novartis announced plans to spend $23 billion to build and expand in the U.S., as it faced renewed threats of drug import duties on pharmaceuticals under the Trump administration.

The Swiss company does not have a manufacturing presence in India. Novartis India primarily sells medicines, including Voveran, used to treat joint pain.

($1 = 91.0290 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)

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** Shares of Novartis India NOIN.BO rise as much as 10.9% to 1,148 rupees, highest since Feb. 7, 2000

** Shares surge after CNBC-TV18 reported on Saturday that Dr Reddy's REDY.NS plans to acquire Switzerland-based pharma co Novartis AG's NOVN.S stake in Novartis India

** It added that REDY's plans to acquire the domestic-focused portfolio and may offer controlling premium

** REDY's declined to comment; Novartis India did not immediately respond to Reuters request for comment

** Shares of REDY rise as much as 2.2% to a record high of 6,454 rupees

** More than 143,000 shares of NOIN change hands, 3.4x its 30-day avg

** NOIN eyes fifth straight session of gains and has risen ~15% so far in Feb.

(Reporting by Ashna Teresa Britto in Bengaluru)

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Oct 27 (Reuters) - Novartis India Ltd NOIN.NS:

• NOVARTIS INDIA LTD SEPT-QUARTER PROFIT 236.8 MILLION RUPEES VERSUS PROFIT 183.5 MILLION RUPEES

• NOVARTIS INDIA LTD SEPT-QUARTER REVENUE FROM OPERATIONS 787.6 MILLION RUPEES VERSUS 1.02 BILLION RUPEES

Source text for Eikon: ID:nBSE1Z4hyD

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Aug 3 (Reuters) - India's drug regulator recovered counterfeit medicines worth more than 20 million rupees ($241,666) after a raid last month in the eastern city of Kolkata, the federal health ministry said on Thursday.

The raid, carried out by the Central Drugs Standard Control Organisation, found counterfeit copies of leading brands by manufacturers like Cipla CIPL.NS, Sun Pharma SUN.NS and Alkem Laboratories ALKE.NS, the health ministry said.

One person was arrested, it added.

"Further investigation to find the manufacturer and supply chain is ongoing to ensure supply of genuine medicine for consumption of general public," the health ministry said.

The medicines recovered included copies of acid reflux drugs like Pan-D and Pantocid DSR, manufactured by Alkem and Sun Pharma respectively, as well as Urimax-D, a medicine to treat an enlarged prostrate gland medicine, made by Cipla.

Authorities also recovered counterfeit copies of antibiotic medicines Augmentin and Clavam.

"Modi's government will not make any kind of compromise to stop adulterated medicines," health minister Mansukh Mandaviya said on Twitter, while congratulating the officers who carried out the raid.

The raid was the result of an investigation that began in January this year, following a complaint from Sun Pharma, when authorities recovered counterfeit medicines worth one million rupees ($12,083) the health ministry said.

($1 = 82.7590 Indian rupees)

(Reporting by Shilpa Jamkhandikar; editing by Christina Fincher)

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July 26 (Reuters) - Novartis India Ltd NOIN.NS:

• JUNE-QUARTER PROFIT 202.6 MILLION RUPEES VERSUS 523.8 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 906 MILLION RUPEES VERSUS 1.21 BILLION RUPEES

Source text for Eikon: ID:nBSE8w0Hpq

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** Shares of Novartis India Ltd NOIN.NS rise as much as 8.68% to 688.89 rupees; on track for fourth straight session of gains, if trend holds

** Pharma firm reports profit of 250.2 mln rupees ($3.1 mln) in March quarter, compared to a loss of 233.7 mln rupees a year earlier

** Approves one-time special dividend of 37.50 rupees per share and final dividend of 10 rupees per share

** Stock most active in nearly five months with a trading volume of 99,934 shares as of 10:15 a.m. IST, more than 10x the 30-day avg

** The relative strength index of the stock is 82, suggesting it may be overbought - Refinitiv data

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 10 (Reuters) - Novartis India Ltd NOIN.NS:

• MARCH-QUARTER PROFIT 250.2 MILLION RUPEES VERSUS LOSS 233.7 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 761.3 MILLION RUPEES VERSUS 983.2 MILLION RUPEES

Source text for Eikon: ID:nBSE9nSYN1

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