India's Honasa Consumer falls on report of investors selling stake
12/09/2024 05:00
** Shares of beauty products retailer Honasa HONA.NS down
5.1%, top loser among small-caps .NIFSMCP100
** Investors including Peak XV Partners Investments VI,
Redwood Trust, Sequoia Capital Global Growth Fund III are
selling 16.8 bln rupees worth stake in co, IFR Markets reports
** Sale at floor price of 480 rupees, ~8% discount to last
close, IFR says
** About 36.9 mln shares change hands in multiple block
deals, per LSEG data
** Stock up 11.5% YTD vs a 27.4% gain in small-cap index
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
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