Shares of Mamaearth parent Honasa Consumer declined as much as 5% to the day’s low of Rs 445 on the BSE on Tuesday after 1.4 crore shares worth Rs 643 crore changed hands in a block deal.
According to media reports, Peak XV Partners Investments VI, Sequoia Capital Global Growth Fund III and Redwood Trust reportedly offered about 8.9 million shares at Rs 450 apiece, with Jefferies acting as the sole bookrunner. The Economic Times could not independently verify the buyers and sellers in the transaction.
