Mamaearth shares tumble 5% after Rs 1,763 crore stake sale via block deal
Shares of Honasa Consumer, the parent company of Mamaearth, dipped 5% to a day’s low of Rs 495 on the NSE after the company saw a 10.9% equity stake worth Rs 1,763 crore sold via a block deal on Thursday.
Reportedly, the likely sellers in the transaction include Peak XV Partners Investments VI, Redwood Trust, Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, Fireside Ventures Investment Fund I, Stellaris Venture Partners India, and Sofina Ventures SA.
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