BUZZ - India Honasa Consumer stock price falls due to reports of a $67 million block trade

September 29 - ** Honasa Consumer Products Company (HONA.NS) shares fell by 2.99% to 452.30 rupees

** The share price dropped after media reports. According to reports, 14 million shares (about 4.4% of Honasa's total share capital) changed hands in a block deal

** According to CNBC-TV18, the average transaction price was 450 rupees per share, with the total deal value at approximately 6.43 billion rupees (66.89 million US dollars)

** NDTV Profit, citing sources, reported that Peak XV Partners, Sequoia Capital Global Growth Fund III, and Redwood Trust may have been the sellers in this block deal

** Honasa, Peak XV, Sequoia Capital and Redwood Trust have not yet responded immediately to Reuters' request for comment

** According to data compiled by London Stock Exchange Group (LSEG), the average rating on HONA from 15 analysts is "Buy", with a median target price of 560 rupees

** Year-to-date, Honasa’s share price has increased by 58.31%

(1 US dollar = 96.1250 Indian rupees)

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