India's Honasa Consumer rises after tribunal approves merger with subsidiaries
05/06/2025 05:36
** Beauty and personal care company Honasa Consumer HONA.NS up as much as 3.4% to 329.5 rupees, last up ~1% ** Mamaearth-parent gets National Company Law Tribunal approval to merge with its subsidiaries Fusion Cosmeceutics and Just4Kids Services ** Fusion retails the Dr. Sheth's skin care brand ** Merger to prevent cost duplication, improve financial efficiency and co's competitive position, says Honasa ** With session's gains, HONA shares up ~26% YTD (Reporting by Ananta Agarwal in Bengaluru) ((Ananta.Agarwal@thomsonreuters.com))
Recent news on Honasa Consumer
See all newsBrief: Sequoia Capital Global, Peak xv Partners Sell 13.3 Mlns Honasa Consumer Shares Via Bulk Deal On NSE - Exchange Data
India's Honasa Consumer falls on reports of $67 million block deal
Brief: Honasa Consumer Calls Off Proposed Acquisition Of Fluence Pharma Due To Non-Fulfilment Of Conditions
India's Honasa hits nearly 2-year high after quarterly profit more than doubles
Brief: Honasa Consumer Q1 Consol Net PAT 902.5 Million Rupees