Sanofi Consumer Healthcare India’s open offer to acquire a 26% stake has seen 40% of shares tendered, reflecting decent shareholder response.

With 23.96 lakh shares submitted out of 59.88 lakh offered, final acceptance is pending validation.

This signals a major ownership consolidation by Opal Bidco SAS and Clayton, Dubilier & Rice Fund XII.

Investors should monitor the completion of the offer and its potential effects on share liquidity and price.