CosmicTaco

Founder Varun Alagh Increases Stake in Mamaearth Parent Firm

CosmicTaco · 2024-12-04T08:58:36.644049+05:30

- Varun Alagh, CEO of Honasa Consumer, has increased his stake to 31.93% by buying shares worth Rs 4.5 crore. - The husband-wife duo, Ghazal and Varun Alagh, now own 35% of the company, a rare high stake in India's startup ecosystem. - The company, facing a major overhaul and a 38% share price drop, reported its first quarterly loss in five quarters. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/markets/founder-varun-alagh-buys-shares-in-mamaearth-parent-firm-honasa-consumer-increase-stake-to-31-93-12882330.html)

Varun Alagh, CEO of Honasa Consumer, has increased his stake to 31.93% by buying shares worth Rs 4.5 crore.
The husband-wife duo, Ghazal and Varun Alagh, now own 35% of the company, a rare high stake in India's startup ecosystem.
The company, facing a major overhaul and a 38% share price drop, reported its first quarterly loss in five quarters.

Source: Moneycontrol