Fireside Ventures, Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

Fireside Ventures, Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

SUMMARY

While Peak XV sold 1.23 Cr shares worth INR 610.98 Cr, Sequoia Capital Global offloaded 28.71 Lakh shares worth INR 142.12 Cr

The shares that flooded the market were lapped up by Morgan Stanley and ICICI Prudential, which bought shares worth INR 119.67 Cr and INR 142.49 Cr, respectively

After touching a record high of INR 546.5 earlier in the week, the shares of the startup slumped 5.48% on the BSE amid the bulk deals

Amid a broader rally in D2C unicorn Honasa Consumer’s share prices, investors Peak XV Partners, Fireside Ventures, Stellaris Venture Partners, among others, sold its shares worth INR 1,601.68 Cr via bulk deals. 

While Peak XV (formerly Sequoia India) sold 1.23 Cr shares worth INR 610.98 Cr, Sequoia Capital Global offloaded 28.71 Lakh shares worth INR 142.12 Cr. 

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