Key sellers in this deal include Sequoia Capital, Fireside Ventures, and Sofina Ventures.
The block deal involved shares worth Rs 1,763 crore, reflecting a large transaction in Honasa Consumer.
Shares were sold at Rs 480 each, marking an 8% discount from the previous day’s closing price.
As of 10:45 am 12th September, Honasa Consumer's shares dropped by 4.95%, reaching a low of Rs 496.15 on the NSE.
Despite the dip, Honasa Consumer posted a 63% YoY net profit increase in Q1 2024, reaching Rs 40 crore.