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Honasa Consumer Limited ( (IN:HONASA) ) just unveiled an update.
Honasa Consumer Limited has announced the acquisition of BTM Ventures Private Limited, which owns Reginald Men Brand, a key player in the men’s personal care market. This strategic move positions Honasa to capitalize on the rapidly growing men’s personal care market in India, projected to double by 2032 due to increased premiumization and self-care awareness. The acquisition includes governance and investment structures that ensure Honasa’s influence while allowing founders operational control, with potential for increased stake and structured exit strategies.
More about Honasa Consumer Limited
Honasa Consumer Limited operates in the consumer goods industry, focusing on personal care products. The company is expanding its market presence by acquiring brands like Reginald Men Brand, which caters to the growing demand in the men’s personal care segment.
Average Trading Volume: 41,381
Technical Sentiment Signal: Strong Sell
Current Market Cap: 84.86B INR
For a thorough assessment of HONASA stock, go to TipRanks’ Stock Analysis page.