Honasa Consumer shares jump as ICICI Prudential Life Insurance raises stake from 5.48% to 7.61%

  • Stock Market Today: Honasa Consumer shares jumped up to 3% in the morning trades on Saturday as ICICI Prudential Life Insurance raised stake in the company from 5.48% to 7.61%

Ujjval Jauhari
Published1 Feb 2025, 11:00 AM IST
Stock Market Today: Honasa Consumer shares rise with stake hikes by ICICI Prudential
Stock Market Today: Honasa Consumer shares rise with stake hikes by ICICI Prudential

Stock Market Today: Honasa Consumer shares jumped up to 3% in the morning trades on Saturday as ICICI Prudential Life Insurance raised stake in the company from 5.48% to 7.61%

Honasa Consumer share price opened at 220.50 on the BSE on Saturday, almost flat over the previous days closing price of 220.55. The Honasa Consumer share price thereafter gained further to intraday highs of 227.15 marking gains of almost 3%

Honasa Consumer share price had almost halved from 52 week or 1 year high of 546.50 in September 2025, to 52 week or 1 year lows of 205.25 on 31 December 2025. Hence a bounce back now is encouraging and also supported by the stake hikes by ICICI Prudential Life Insurance in Honasa Consumer

 

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ICICI Prudential Life hikes stakes in Honasa Consumer

 

ICICI Prudential Life Insurance intimated the exchanges on 31 January 2025 that it has increased shareholding in Honasa Consumer on cumulative basis to 7.61% from 5.48% as was reported by ICICI Prudential on 12 September 2024

ICICI Prudential Life Insurance recently acquired 4,80,383 shares of Honasa Consumer representing 0.15% stake in Honasa Consumer.

 

Also Read | Reliance, ONGC, SBI are looking attractive ahead of Budget- Monarch’s Bhandari

Prior to the latest acquisition of 0.15% stake in Honasa Consumer, ICICI Prudential Life Insurance had been holding 24,237,183 shares in Honasa Consumer , which represented 7.46% stake of ICICI Prudential In Honasa Consumer.

However after the recent acquisition of 0.15% stake by ICICI Prudential Life In Honasa Consumer , ICICI Prudential Life now holds 24,726566 shares of Honasa Consumer translating into 7.61% stakes of ICICI Prudential in Honasa Consumer.

The acquisition of shares by ICICI Prudential Life in Honasa Consumer have been made from open markets

Honasa Consumer expansions

The Derma Company Honasa Consumer on 30 January had said that to strengthens its offline presence, Honasa Consumer has launches its First Ever Exclusive Brand Outlet in Gurugram.

The Derma Company is a science-based skincare brand formulated using active ingredients in potent formulations to solve skincare concerns. C

 

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment.

 

 

 

 

 

 

 

 

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Business NewsMarketsStock MarketsHonasa Consumer shares jump as ICICI Prudential Life Insurance raises stake from 5.48% to 7.61%
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First Published:1 Feb 2025, 11:00 AM IST
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