Mamaearth's parent Honasa Consumer clocks all time high

Honasa Consumer, the parent firm of D2C brands such as Mamaearth, The Derma Co, and BBlunt, shares hit all time high BSE on Monday, August 26. The buying interest in the stock sparked after the company received an order from the National Company Law Tribunal, Chandigarh regarding the scheme of amalgamation between Just4Kids Services Private Limited, Fusion Cosmeceutics Private Limited, and Honasa Consumer.
"Intimation of receipt of the order of the Hon’ble National Company Law Tribunal, Chandigarh Bench in relation to the Scheme of Amalgamation between Just4Kids Services Private Limited, Fusion Cosmeceutics Private Limited, and with Honasa Consumer Limited," the exchange filing read.