Sofina Ventures exits 1.28% of Honasa Consumer in ₹177 Cr bulk deal at ₹424/share
Belgian investor Sofina offloaded 41.78 lakh shares of Mamaearth-parent Honasa Consumer via bulk deal, capitalising on a 42% YTD rally. The exit follows Honasa's ₹135 Cr Fluence Pharma buy and its Honasa 3.0 plan targeting ₹5,500 Cr revenue and 15% EBITDA margins by FY31.
Sofina Ventures sold a 1.28% stake in Honasa Consumer for ₹177.2 Cr via bulk deal at ₹424.07/share. The sale follows Honasa's Fluence Pharma acquisition and Honasa 3.0 strategy targeting ₹5,500 Cr revenue by FY31.