ChrysCapital’s $159 million Novartis India bid collapses
Indian private equity firm ChrysCapital’s $159 million bid to acquire Novartis India Ltd (NIL) (BOM: 500672) has collapsed after its open offer failed, underscoring the valuation sensitivity of Indian pharmaceutical deals.
The development marks the end of Novartis AG’s (NOVN: VX) decades-long listed presence in India and reflects shifting dynamics in the country’s pharma investment landscape.
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