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Block Deal: Stake worth ₹1,763 cr change hands in Honasa Consumer
short by / on Thursday, 12 September, 2024
Honasa Consumer Ltd fell nearly 6% on Thursday after 10.9% of its shares were sold by key shareholders in a block deal at a likely floor price of ₹500 per share, totaling ₹1,763.3 crore. The price was 4% below Wednesday's close. Shares dropped to ₹490.15 before recovering to ₹495.35. Kotak Securities and Jefferies India were the brokers.
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