Institutional investors pick up Honasa shares in ₹643-crore block deal, shares in red
AI Summary
The significant block deal involving Honasa Consumer, with major institutional players like Franklin Templeton and ICICI Prudential acquiring stakes, signals strong confidence in the company's growth trajectory. As Honasa ramps up its distribution network and targets substantial revenue growth, retail investors should consider the potential upside in the stock, especially given its recent performance and the backing from reputable investors. This move could indicate a bullish sentiment in the consumer goods sector, particularly among companies focusing on expanding their market reach.
Shares of Honasa Consumer changed hands in a block deal worth approximately ₹643 crore, with Franklin Templeton Mutual Fund and ICICI Prudential Life Insurance among the buyers. Peak XV Partners Investments VI was the seller in the transaction.
Franklin Templeton Mutual Fund purchased 33,33,333 shares, representing a 1 per cent stake, at ₹450 apiece. ICICI Prudential Life Insurance acquired 17,77,777 shares, equivalent to 0.6 per cent, at the same price. Aditya Birla Sun Life Mutual Fund and Norges were also cited as buyers in the deal.
Original Article
Published on Hindu BusinessLine
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This is a market news update from Hindu BusinessLine, published on 01 October 2026.
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