Sofina Ventures exits 1.28% of Honasa Consumer in ₹177 Cr bulk deal at ₹424/share
Belgian investor Sofina Ventures offloaded 41.78 Lakh shares of Mamaearth-parent Honasa Consumer for ₹177.2 Cr. The exit comes amid Honasa's 42% YTD rally, its ₹135 Cr Fluence Pharma acquisition for a 58% stake, and the 'Honasa 3.0' roadmap targeting ₹5,500 Cr revenue with 15% EBITDA margin by FY31.
Sofina Ventures sold a 1.28% stake in Honasa Consumer for ₹177.2 Cr via bulk deal at ₹424.07/share. Sale follows Honasa's Fluence Pharma acquisition and 'Honasa 3.0' strategy targeting ₹5,500 Cr revenue by FY31.