Mamaearth shares jump as CEO Varun Alagh buys ₹50-crore stake

Shares of Mamaearth parent Honasa Consumer jumped over 4% on Tuesday after CEO Varun Alagh increased his stake in the company to 32.45%. Alagh purchased around 18.52 lakh shares, representing around 0.57% stake, through a block deal worth roughly ₹50 crore. According to NSE data, Fireside Ventures Investment Fund I was the seller in the deal.