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Novartis shares up 4% after Swiss-promoter says to cut stake

Last Updated: Thursday, March 28, 2013, 17:49

Shares of Novartis India on Wednesday closed higher by 3.75 percent, adding Rs 68 crore to its market capitalisation, after its Swiss-promoter said it intends to reduce stake in the Indian entity.

Novartis AG to reduce promoters stake in Novartis India

Last Updated: Thursday, March 28, 2013, 13:30

Novartis India on Thursday said it's Swiss-promoter Novartis AG intends to reduce its stake in the Indian entity to enable it to meet Sebi guidelines on the minimum public shareholding in the listed companies.

Novartis India Q2 net down 8.89% at Rs 39.34 cr

Last Updated: Thursday, October 25, 2012, 19:47

Drug firm Novartis India Thursday said its net profit declined by 8.89 percent to Rs 39.34 crore for the quarter ended September 30, 2012 over the same period last fiscal.

Novartis India Q1 Net dips 28% at Rs 26.98 crore

Last Updated: Friday, August 10, 2012, 19:11

Drug firm Novartis India on Friday reported 28.18 percent decline in net profit at Rs 26.98 crore for the first quarter ended June 30, 2012, mainly due to increase in expenditure.

Novartis India Q3 net dips 5.30% to Rs 38.35 cr

Last Updated: Monday, January 30, 2012, 16:11

The company had posted a net profit of Rs 40.50 crore for the quarter ended December 31, 2010 Novartis India said in a filing to BSE.