Honasa Consumer Limited

Bandhan Mutual Fund initiated a new position in Honasa Consumer Limited, acquiring 43,62,907 shares worth approximately ₹205.94 crore at ₹472.25 apiece, representing a 1.34% stake.

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.

Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.