Honasa CEO Varun Alagh Buys Shares Worth INR 50 Cr From Fireside Ventures

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Honasa Consumer’s cofounder and CEO Varun Alagh has increased his stake in the beauty and personal care (BPC) major by purchasing shares worth INR 50 Cr from the company’s investor Fireside Ventures in a block deal on Monday. The deal, which saw 18.52 Lakh shares or 0.57% stake change hands, valued each share of the company at INR 270, a slight 2.4% discount from closing price of INR 276.75.

Following the block deal, Alagh’s shareholding in the company now stands at 10.55 Cr shares, representing 32.45% of the company’s equity, Honasa…



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Honasa CEO Varun Alagh Buys Shares Worth INR 50 Cr From Fireside Ventures


Honasa Consumer’s cofounder and CEO Varun Alagh has increased his stake in the beauty and personal care (BPC) major by purchasing shares worth INR 50 Cr from the company’s investor Fireside Ventures in a block deal on Monday. The deal, which saw 18.52 Lakh shares or 0.57% stake change hands, valued each share of the company at INR 270, a slight 2.4% discount from closing price of INR 276.75.

Following the block deal, Alagh’s shareholding in the company now stands at 10.55 Cr shares, representing 32.45% of the company’s equity, Honasa…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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