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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