Tech
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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