Venture capital fund Fireside Ventures Investment Fund plans to sell its partial stake in Mamaearth parent Honasa Consumer Limited (NSEI:HONASA) through block deals on December 5, 2023, according to reports. The VC firm is offering 6.1 million shares or 1.9% stake in the personal care products maker. The deal is expected to be worth INR 2,300 million.

The floor price for the sale is set at INR 368.7-INR 384.1 a share, representing upto 4% discount from the current market price. On December 4, 2023, shares of Honasa Consumer ended 4% down on the National Stock Exchange at INR 384.10. Kotak Securities is the broker to the deal, the reports cited.