Honasa Consumer gets nod for asset purchase agreement with Cosmogenesis Cosmetics

23 May 2024 Evaluate

Honasa Consumer has received the Board’s approval for asset purchase agreement with Cosmogenesis Cosmetics, a sole proprietorship, based out of Thane, Maharashtra to purchase identified assets and intellectual properties as part of this agreement which will benefit the company in expanding the R&D and manufacturing capabilities. 

The objective of the acquitting assets is expanding its R&D capabilities by acquiring over 4,000+ formulations in Beauty and Personal Care Category. The company would be acquiring formulations expertise, research & development lab along with a small manufacturing facility. The total cash consideration to be paid post-closing, for the identified assets is Rs 4 crore.

Honasa Consumer, doing business as Mamaearth, provides e-commerce services. The company offers baby, skin, body, and hair care products, as well as mosquito protection roll on and creams. 


Honasa Consumer Share Price

379.05 -8.80 (-2.27%)
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