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Mamaearth employees may sell ESOP shares worth ₹150 crore via a block deal

Livemint

Livemint · 1y ago

Mamaearth employees may sell ESOP shares worth ₹150 crore via a block deal

Employees at Mamaearth's parent company Honasa Consumer Care are expected to sell ESOP (employee stock ownership plan) shares worth ₹150 crore in a block deal. The deal is likely to be executed at a 5-7% discount to the current market price of ₹477.10. Honasa Consumer reported a net profit of ₹30 crore in Q2FY24, with its revenue from operations growing 21% to ₹496 crore. Mamaearth's share price surged by 20% after the company reported its quarterly earnings for Q2FY24, the first since its listing.

Related News

Mamaearth shares worth ₹230 cr could be sold by Fireside Ventures

Money Control

Money Control · 1y ago

Mamaearth shares worth ₹230 cr could be sold by Fireside Ventures

Fireside Ventures is likely to sell 61 lakh shares worth over ₹230 crore of Mamaearth-parent Honasa Consumer tomorrow in a block deal, CNBC Awaaz reported. Shares, equivalent to a 1.9% stake in the company, will reportedly have a floor price in the range of ₹368.7-₹384.1. Honasa made its stock market debut last month at a price of ₹330 per share.

Zomato Block Deal: Antfin Singapore to sell $408M in shares

Inshorts · 11m ago

Zomato Block Deal: Antfin Singapore to sell $408M in shares

Amid Zomato’s bull run on the bourses, Ant Group’s arm Antfin Singapore is reportedly looking to sell the foodtech giant’s shares worth $408 Mn (INR 3,422.84 Cr). As per a report by CNBC-TV18, Antfin Singapore intends to sell 13.6 Cr shares, or a 1.54% stake, via a block deal on Tuesday (August 19).

Edtech Soonicorn Classplus Announces Second ESOP Buyback For Over 150 Employees

Inc42 · 1y ago

Edtech Soonicorn Classplus Announces Second ESOP Buyback For Over 150 Employees

Delhi NCR-based edtech startup, Classplus, has launched its second employee stock ownership plan (ESOP) buyback program, allowing over 150 employees to sell their vested shares. The exact amount dedicated to the buyback remains undisclosed. Classplus became the first edtech startup to announce a buyback this year. With 748 employees, over 20% of them are eligible for the program. In its first ESOP buyback, 30 employees participated, resulting in a worth of $1 million. ESOP allocations are expected to increase this year, with 55% of Indian startup founders relying on them to attract talent.

M&M block deal | Shares worth Rs 2,184 crore change hands; promoter likely seller

Money Control

Money Control · 1y ago

M&M block deal | Shares worth Rs 2,184 crore change hands; promoter likely seller

Shares of Mahindra and Mahindra (M&M) declined over 4% after a block deal involving 1.1 crore shares, or a 0.9% stake in the company, was completed on March 7. The stake sale was done at a floor price of INR 1,924 per share, totaling a transaction value of INR 2,184 crore. M&M's promoter group, PMSP Ltd, owns 11.64% of the company and was reportedly looking to sell around 0.75% stake for around $215 million via a block deal.

Early Nykaa investor to offload $150-million stake via block deal - The Economic Times

Economic Times

Economic Times · 1m ago

Early Nykaa investor to offload $150-million stake via block deal - The Economic Times

Harindarpal Singh Banga, founder of The Caravel Group and an early investor in Nykaa, plans to sell a 2-2.5% stake, valued at approximately $150 million, via a block deal. Banga currently holds nearly 5% of the beauty retailer and is offering shares at a 4% discount to Wednesday's closing price. Foreign institutional investors are expected to purchase the shares. Nykaa's parent company recently reported increased profits and revenue growth for the March quarter.

Mamaearth shares tumble 5% after Rs 1,763 crore stake sale via block deal

Economic Times

Economic Times · 11m ago

Mamaearth shares tumble 5% after Rs 1,763 crore stake sale via block deal

Shares of Honasa Consumer, the parent company of Mamaearth, dropped 5% following the sale of a 10.9% equity stake worth Rs 1,763 crore via a block deal. The likely sellers included Peak XV Partners Investments VI, Redwood Trust, Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, Fireside Ventures Investment Fund I, Stellaris Venture Partners India, and Sofina Ventures SA. The deal, likely occurring at Rs 480 per share, represents an 8% discount from the previous day's closing price. Honasa Consumer reported a 63% YoY increase in consolidated net profit for Q2 2024 and a 19% increase in revenue.

Peak XV, Bisque, link to offload ₹583 cr stake in Awfis

Inshorts · 8m ago

Peak XV, Bisque, link to offload ₹583 cr stake in Awfis

VC major Peak XV Partners, Mauritius-based investment firm Bisque Limited, and Delhi-based Link Investment Trust reportedly plan to offload Awfis' shares worth ₹583 crore. Citing sources, CNBC-TV18 reported that the three investors will together offload a 12.2% stake, or 85.8 lakh shares, in the flexible workspace solutions company via a block deal.

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Inc42 · 1y ago

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Honasa Consumer Ltd, the parent company of direct-to-consumer brands Mamaearth and The Derma Co, witnessed a block deal resulting in the exchange of around 2% stake or 62.90 lakh shares. The deal, worth INR 238 crore, occurred after market opening, causing the company's shares to trade at INR 379 apiece on the BSE, down 1% from the previous day's closing price. This follows reports of venture capital firm Fireside Ventures planning to offload a 1.9% stake in Honasa Consumer.

Swiggy allocates Esops worth Rs 1,171 crore to staff

Economic Times

Economic Times · 6m ago

Swiggy allocates Esops worth Rs 1,171 crore to staff

Swiggy has allotted 2.61 crore shares under its Employee Stock Ownership Plan (ESOP) schemes. This move increased Swiggy's paid-up equity share capital to Rs 2.26 crore. The ESOP allocation, worth Rs 1,171 crore, follows the approval of 2,61,93,411 equity shares for eligible employees under the Swiggy ESOP Plan 2015 and 2021. This initiative mirrors common practices among consumer internet firms, typically providing stock options to employees for incentivization and wealth creation opportunities.

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

YourStory

YourStory · 4m ago

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

Honasa Consumer, the parent of Mamaearth, granted 24.16 lakh stock options worth Rs 57 crore under its ESOP-2018. The options vest over five years based on tenure and performance. In Q3 FY25, Honasa's revenue grew 5.9% YoY to Rs 517.5 crore, while net profit remained flat at Rs 26 crore. Separately, Zomato (now Eternal) and Delhivery also made significant ESOP grants, signifying a trend in rewarding employees amidst operational growth.

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