New Delhi, June 23 -- Beauty and personal care company Honasa Consumer Ltd will acquire 58% stake in Fluence Pharma, a science-backed nutraceuticals company, at an enterprise value of Rs.135 crore.

Honasa, which sells brands like Mamaearth and Aqualogica, will acquire the remaining 42% stake in two tranches over the next 5-7 years at a pre-aligned valuation construct, the company said in an exchange filing on Wednesday.

On Tuesday, shares of Honasa closed 1% higher at Rs.420 on the National Stock Exchange, while the benchmark Nifty 50 closed 1.16% lower on Tuesday

The acquisition of Fluence Pharma, which sells products under the FACT (Fluence Advanced Cyclical Therapy) brand offering condition and gender-specific, OTC supplement doses ...