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Founder Varun Alagh buys 1.6 lakh shares in Mamaearth parent firm Honasa Consumer
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Founder Varun Alagh buys 1.6 lakh shares in Mamaearth parent firm Honasa Consumer
04 December 2024
Varun Alagh, co-founder and CEO of Mamaearth parent company Honasa Consumer Limited, has acquired over 160,000 additional shares in the company. The move, worth Rs. 4.26 crore, underlines his confidence in the brand's growth potential despite recent market turbulence. Alagh's total shareholding now stands at approximately 10.371 crore shares, valued at Rs 2,722 crore ($324 million) as of Dec. 3.
Varun Alagh, co-founder and CEO of Mamaearth parent company Honasa Consumer Limited, has acquired over 160,000 additional shares in the company. The move, worth Rs. 4.26 crore, underlines his confidence in the brand's growth potential despite recent market turbulence. Alagh's total shareholding now stands at approximately 10.371 crore shares, valued at Rs 2,722 crore ($324 million) as of Dec. 3.
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