# Honasa Consumer falls 5% on Rs 643 crore block deal

2026-09-29T07:01:25+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Honasa Consumer Ltd shares fell nearly 5% on Tuesday after 1.4 crore equity shares (4.4% of outstanding equity) worth Rs 643.4 crore changed hands in a block deal at around Rs 450 apiece, a 3.4% discount to the previous close. Jefferies acted as sole bookrunner. Early media reports had indicated a smaller transaction of up to 2.73% equity worth Rs 400 crore involving Peak XV Partners, Sequoia Capital Global Growth Fund III and Redwood Trust. The actual deal was larger, and the sellers face a 45-day lock-in on any further share sales. Honasa Consumer has gained 59.4% year-to-date, sharply outperforming the Nifty 50's 13.3% decline. Technical analyst Jigar S Patel of Anand Rathi advised partial profit booking, citing momentum exhaustion, with support at Rs 430-420 and Rs 400. Equirus Securities maintained a positive view, citing Honasa's repeatable brand-building model and forecasting 10% CAGR for Mamaearth. The identity of the buyers and sellers in Tuesday's transaction was not immediately disclosed.

## Indian Opinion Analysis

Both NDTV Profit and Livemint report Honasa Consumer block trades with neutral framing, using standard wire-copy structure. NDTV Profit leads with the seller names and the 89-lakh-share figure. Livemint leads with the actual 1.4-crore-share deal worth Rs 643 crore and adds the 4.4% equity figure, broker commentary, and technical analysis. Neither source judges the government or adopts an ideological stance. The divergence is purely operational: NDTV Profit covers the planned transaction, Livemint covers the executed one. The unsold 45-day lock-in on remaining shares is the concrete item to watch for any further stake reduction by Peak XV and Sequoia.

## Coverage

- ndtvprofit.com (neutral report) <https://www.ndtvprofit.com/markets/honasa-consumer-share-price-falls-over-3-on-block-deal-buzz-12112484>
  Leads with seller names and 89 lakh share figure, telegraphic style
- livemint.com (neutral report) <https://www.livemint.com/market/stock-market-news/block-deal-alert-honasa-consumer-shares-tumble-5-after-equity-worth-rs-643-crore-changes-hands-should-investors-buy-11790658115553.html>
  Leads with 1.4 crore shares worth Rs 643 crore, adds analyst views and outcomes

Tags: Honasa Consumer, Jefferies, Mamaearth, Peak XV Partners, Sequoia Capital
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