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Peak XV, Sequoia, Redwood Trust to Sell Honasa Consumer Stake Worth ₹400 Crore
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CNBC TV18•28-09-2026, 21:59
Peak XV, Sequoia, Redwood Trust to Sell Honasa Consumer Stake Worth ₹400 Crore
- •Peak XV Partners, Sequoia Capital, and Redwood Trust plan to sell a 2.73% stake in Honasa Consumer Ltd, owner of Mamaearth, through a block deal.
- •The offer size is up to ₹400 crore, with a floor price of ₹450 per share, potentially a 3.4% discount to the current market price.
- •A 45-day lock-up period will apply to any further share sales after the transaction.
- •Honasa Consumer reported a more than two-fold jump in consolidated net profit to ₹90.45 crore for the June quarter of FY27, driven by core brand growth.
- •Revenue from operations increased 27% year-on-year to ₹755.94 crore in the June quarter of FY27, with total income up 25.73% to ₹778.45 crore.
Key Questions Answered
Peak XV Partners, Sequoia Capital, and Redwood Trust are likely to sell a 2.73% equity stake in Honasa Consumer Ltd through a block deal valued at up to ₹400 crore. The floor price is set at ₹450 per share, which represents a discount of up to 3.4% to the current market price.
Honasa Consumer reported a more than two-fold jump in consolidated net profit to ₹90.45 crore for the June quarter of FY27. Its revenue from operations increased by 27% year-on-year to reach ₹755.94 crore during the same period.
A 45-day lock-up period will apply to any further sale of shares following the block deal transaction.
