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Honasa Consumer Share Price: The VC firm is offering 61 lakh shares or 1.9% stake in the personal care products maker. The deal is expected to be worth Rs 230 crore. The floor price for the sale is set at Rs 368.7-384.1 a share, representing upto 4% discount from the current market price.
The VC firm is offering 61 lakh shares or 1.9% stake in the personal care products maker. The deal is expected to be worth Rs 230 crore. The floor price for the sale is set at Rs 368.7-384.1 a share, representing upto 4% discount from the current market price.
SoftBank which was one of the early investors in India's tech companies, has been gradually paring stakes in the firms. Earlier in August, it had sold 1.17% in Zomato through bulk deals. Prior to that in July, SoftBank had offloaded about 2% stake in Paytm. In May, SoftBank sold 2.07% stake in the fintech major through a series of open market transactions.
The transaction, which will be done at Rs 880.1 apiece, will see Antfin offload about 2.3 crore shares. On closing of this deal, CEO Vijay Shekhar Sharma's holding will increase to 19.42%, becoming the largest shareholder, whereas Antfin's will reduce to 13.5%
Under the block deal, Hulst BV will offload 1.62 crore shares and the deal value is estimated around Rs 7,400 crore. Hulst BV is owned by private equity firm Baring PE