66.20 lakh shares representing a 2% stake in Honasa Consumer, worth Rs 291 crore, led to a 4.8% share price drop in Mamaearth's parent company.
Mamaearth's parent company, Honasa Consumer, saw a 4.8% share price drop after a block deal involving 66.20 lakh shares, worth Rs 291 crore and representing a 2% stake in the company. Fireside Ventures and Sofina Ventures, likely the sellers, had a combined 11.44% stake in Honasa Consumer before the deal. The company reported a net profit of Rs 30.4 crore in the March quarter, compared to a loss of Rs 161.7 crore in the same period the previous year.
June 11, 2024
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