India, Sept. 29 -- Early venture investors in India's newly listed consumer companies do not usually hold their stakes forever. Once the lock-ins are over, block deals become a regular way for them to return money to their own investors. Beauty and personal care is no exception. A few years after listing, the shareholder base often shifts from funds to long-term institutions.

Shares of Honasa Consumer Ltd. were trading at Rs. 452.00, down 3.01 percent from previous close of Rs. 466.05. The stock opened at Rs. 454.00, reaching an intraday high of Rs. 457.05 and low of Rs. 444.45. The company currently has a market capitalization of Rs. 14,836 crores.

What's the News? Shares of Honasa Consumer fell as much as 4% on Tuesday, 29 September,...