Mamaearth Parent Honasa Consumer Shares Soar 8% as Promoter Varun Alagh Boosts Stake

• Honasa Consumer (Mamaearth parent) shares surged over 8% to Rs 299.40, reaching a 1.5-month high.
• Promoter and CEO Varun Alagh purchased 1.852 million shares (0.57% equity) for Rs 50 crore via a block deal.
• The transaction was executed at Rs 270 per share, 2.5% lower than the previous closing price.
• Fireside Ventures Investment Fund I was the seller, further reducing its stake in the company.
• Varun Alagh's stake increased to 32.45%, and the total promoter group stake rose to 35.54%.

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