Fireside likely to sell Rs 230-crore Mamaearth shares in bulk deal today

Sources said offer floor price is in the range of Rs 368.7 to Rs 384.1, which includes a discount of up to 4 percent.

Fireside Ventures is going to sell 61 lakh shares of recently listed Honasa Consumer (parent company of Mamaearth) in a block deal on December 5, sources told CNBC Awaaz.

This is 1.9 percent stake in the company worth more than Rs 230 cr as of last closing price.

Sources said offer floor price is in the range of Rs 368.7 to Rs 384.1, which includes a discount of up to 4 percent.

Kotak Securities will be the broker of the deal.

Last month, amid much fanfare, Honasa Consumer listed on the NSE at a price of Rs 330 per share, a tepid premium of 1.85 percent above the IPO issue price of Rs 324 per share.

As of close on December 4, the stock traded at Rs 383.50.

Fireside Ventures is a venture capital fund that invests in consumer brands. It was the first investor in Mamaearth participating in the seed round.