Sofina Ventures Trims Honasa Stake With ₹177 Cr Bulk Deal at ₹424/Share
Belgian PE Sofina Ventures offloaded a 1.28% stake (41.78 lakh shares) in Mamaearth parent Honasa Consumer for ₹177.2 Cr at ₹424.07 apiece. The exit comes as Honasa pushes its 3.0 strategy, closes a ₹135 Cr Fluence Pharma deal for 58%, and targets ₹5,500 Cr revenue by FY31 with 15% EBITDA, even as the stock is down 42% YTD.
Sofina Ventures sold a 1.28% stake in Honasa Consumer via a ₹177 Cr bulk deal at ₹424/share, trimming its position further as the Mamaearth parent pushes its Honasa 3.0 strategy and Fluence Pharma acquisition.