Honasa Consumer Limited
Franklin Templeton Global decreased its stake in Honasa Consumer Limited from 1.90% to 1.22%, selling 2,198,030 shares. The value of the remaining stake is approximately ₹190 Cr based on the share price of ₹479.45.
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.
Franklin Templeton is a global investment manager listed in the United States (NYSE: BEN). Its offshore Templeton funds invest in Indian and emerging-market equities through the foreign portfolio investor route.