Mamaearth founder Varun Alagh buys 0.6% stake in company for Rs 50 crore

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Varun Alagh, founder and chief executive of Honasa Consumer, on Monday bought a 0.6% stake in the company for Rs 50 crore, according to a stock exchange filing. Honasa Consumer owns the popular skincare firm Mamaearth.

With the transaction, Honasa Consumer’s promoters–Alagh, cofounder Ghazal Alagh and their family members– own 35.54% stake in the company, up from 34.97% as of September 30.

Alagh purchased 1.85 million shares of Honasa Consumer in a block deal at a price of Rs 270 per share.

On Monday, Honasa Consumer’s shares closed 2.7% higher on…



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Mamaearth founder Varun Alagh buys 0.6% stake in company for Rs 50 crore



Varun Alagh, founder and chief executive of Honasa Consumer, on Monday bought a 0.6% stake in the company for Rs 50 crore, according to a stock exchange filing. Honasa Consumer owns the popular skincare firm Mamaearth.

With the transaction, Honasa Consumer’s promoters–Alagh, cofounder Ghazal Alagh and their family members– own 35.54% stake in the company, up from 34.97% as of September 30.

Alagh purchased 1.85 million shares of Honasa Consumer in a block deal at a price of Rs 270 per share.

On Monday, Honasa Consumer’s shares closed 2.7% higher on…



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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