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

Livemint · 1y

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.