Novartis AG has agreed to sell 17.4 million fully paid-up equity shares, representing 70.68 per cent equity of Novartis India, to a consortium
The consortium will offer Novartis India's public shareholders ₹860.64 per share, an exchange filing showed, representing a 3.6 per cent premium to its closing price on Thursday
Avidity rose 1.2% to close at $49.15 in New York trading Friday, giving the company a market value of about $6.8 billion