Mamaearth shares tumble 5% after Rs 1,763 crore stake sale via block deal

Honasa Consumer Share Price: Shares of Honasa Consumer, the parent company of Mamaearth, fell 5% to a day’s low of Rs 495 on the NSE following a block deal on Thursday involving a 10.9% equity stake valued at Rs 1,763 crore. The likely sellers include Peak XV Partners Investments VI, Redwood Trust, Sequoia Capital Global Growth Fund III, Fireside Ventures Investment Fund I, Stellaris Venture Partners India, and Sofina Ventures SA.