VC fund Stellaris Ventures sells part stake in Mamaearth for Rs 140 crore via bulk deal
Stellaris Ventures has offloaded 32.17 lakh shares or 1% stake in Mamaearth at Rs 437 apiece, according to the exchange data. Through the stake sale, Stellaris bagged Rs 140.6 crore. It was unclear who the buyers were in the transaction. The stock was listed in November last year, but soon fell prey to lofty valuations, relegating the stock to its lowest level of Rs 256.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
