Honasa Consumer Shares Soar 8% as CEO Varun Alagh Boosts Stake

• Honasa Consumer shares surged over 8% after CEO Varun Alagh increased his stake via a block deal.
• Alagh acquired approximately 18.52 lakh shares (0.57% stake) for Rs 50 crore at Rs 270 per share.
• Fireside Ventures Investment Fund I was the seller, further reducing its holding in the Mamaearth-parent company.
• Varun Alagh's shareholding now stands at 32.45%, increasing the total promoter group stake to 35.54%.
• The stock reached Rs 299.40, a 1.5-month high, marking its second consecutive session of gains.

Why It Matters: CEO Varun Alagh's increased stake in Honasa Consumer fueled an 8% share price jump.