Novartis India Ltd Share Price – NSE  /  BSE

Trading, Small Cap

Novartis India will hold a meeting of the Board of Directors of the Company on 10 May 2024.

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Pritish Nandy Communications Ltd, DB (International) Stock Brokers Ltd, Sarthak Metals Ltd and MIC Electronics Ltd are among the other losers in the BSE's 'B' group today, 20 February 2024.

Novartis India Ltd lost 7.64% to Rs 1104 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.21 lakh shares were traded on the counter so far as against the average daily volumes of 62173 shares in the past one month.

Pritish Nandy Communications Ltd crashed 5.81% to Rs 65.31. The stock was the second biggest loser in 'B' group.On the BSE, 1 lakh shares were traded on the counter so far as against the average daily volumes of 41207 shares in the past one month.

DB (International) Stock Brokers Ltd tumbled 5.00% to Rs 53.03. The stock was the third biggest loser in 'B' group.On the BSE, 30189 shares were traded on the counter so far as against the average daily volumes of 17295 shares in the past one month.

Sarthak Metals Ltd dropped 5.00% to Rs 272.85. The stock was the fourth biggest loser in 'B' group.On the BSE, 11209 shares were traded on the counter so far as against the average daily volumes of 25410 shares in the past one month.

MIC Electronics Ltd plummeted 4.99% to Rs 48.89. The stock was the fifth biggest loser in 'B' group.On the BSE, 3.22 lakh shares were traded on the counter so far as against the average daily volumes of 1.47 lakh shares in the past one month.

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The Board of Novartis India at its meeting held on 17 February 2024 took note of the communication received from Novartis AG, Holding Company & Promoter, regarding their intention to conduct a strategic review to unlock value of their shareholding in the Company.

After some deliberations, the Board agreed to support Novartis AG, as may be required, in evaluating their strategic options.

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The Board of Novartis India at its meeting held on 17 February 2024 has approved the appointment of Gira Sardesai (DIN: 02610502), as an Additional Director (designated as Non-Executive and Independent Director) with effect from 31 March 2024. The Board also took note of cessation of Jai Hiremath (DIN: 00062203) as an Independent Director of the company on completion of his second and final term with effect from 31 March 2024.

The Board has also appointed Christopher Snook (DIN: 00369790), as Non-Executive and Non-Independent Director for a period of 4 (four) consecutive years with effect from 31 March 2024.

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