Honasa Consumer Limited
ICICI Prudential Life Insurance reduced its stake in Honasa Consumer from 6.26% to 5.82%, offloading 14,43,974 shares. Prior disclosures during the quarter accounted for 8,92,850 shares of this total quarterly change.
A digital-first beauty and personal care company that manufactures and sells skincare, haircare, and wellness products through its online platform. Founded in 2016, Honasa Consumer operates a vertically integrated business model, controlling product development, manufacturing, and direct-to-consumer distribution. The company distinguishes itself through science-backed formulations, focus on ingredient transparency, and direct customer engagement via its digital channels and owned brands.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.