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Shares of Honasa Consumer Ltd ended at ₹465.05, down by ₹0.50, or 0.11%, on the BSE.
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Peak XV Partners, Sequoia Capital and Redwood Trust are likely to sell a 2.73% equity stake in Honasa Consumer Ltd, the owner of beauty brand Mamaearth, through a block deal, according to sources.
The offer size is pegged at up to ₹400 crore, with the floor price set at ₹450 per share. The floor price may represent a discount of up to 3.4% to the current market price. A 45-day lock-up will apply to any further sale of shares following the transaction.
Shares of Honasa Consumer Ltd ended at ₹465.05, down by ₹0.50, or 0.11%, on the BSE.
HomeMarket NewsStocks NewsHonasa Consumer Block Deal: Peak XV, Sequoia, Redwood Trust to sell stake for up to ₹400 crore
