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Evonile Pharma Board Approves ₹900 Crore Partly Paid Rights Issue


8 October 2026
Novartis India Ltd.

Board approved up to Rs900 crore rights issue of partly paid-up Rs5 shares to eligible shareholders, set up rights committee and approved postal ballot notice, and launched Evonile Pharma website. Context: clarifies Minipress debt refinancing awaited since September.


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