ICICI Prudential Life Insurance Increases Its Stake In Honasa To 5.48%

ICICI Prudential Life Insurance Increases Its Stake In Honasa To 5.48%

SUMMARY

ICICI Prudential Life Insurance Company said its stake in Honasa increased following acquisition of an additional 46.91 Lakh shares

ICICI Prudential held a 4.03% stake in Honasa before the latest acquisition of shares, while its stake in the Mamaearth parent stood at 3.81% at the end of June quarter of 2024

On Thursday, investors Peak XV Partners, Fireside Ventures, Stellaris Venture Partners, among others, offloaded Honasa shares worth INR 1,601.68 Cr

ICICI Prudential Life Insurance Company Ltd’s stake in Mamaearth’s parent entity, Honasa Consumer, has increased to 5.48% following acquisition of an additional 46.91 Lakh shares. 

In an exchange filing, ICICI Prudential said that following the acquisition, it held 1.77 Cr shares of Honasa as of September 12 as against 1.31 Cr shares, or a 4.03% stake, previously. 

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.