New Delhi, Sept. 29 -- Shares of Honasa Consumer Ltd., the parent company of brands including Mamaearth, came under pressure on Tuesday, September 29, after a sizeable block transaction was executed shortly after the market opened. The deal involved around 1.4 crore shares, equivalent to 4.4% of the company's outstanding equity, putting the stock firmly in focus during the trading session.

The shares were exchanged at an average price of Rs.450 apiece, taking the aggregate transaction value to around Rs.643.4 crore. The deal price represented a discount of approximately 3.4% to Honasa Consumer's previous closing price.

Following the transaction, the Honasa stock declined as much as 4.8% to touch an intraday low of Rs.443.70 per share on...