JSA advises Honasa Consumer Limited on acquisition of 58% stake in Fluence Pharma Private Limited

  • Deal
  • June 30, 2026

JSA Advocates & Solicitors (JSA) advised Honasa Consumer Limited (Honasa), the parent company of Mamaearth, in connection with its acquisition of a 58% stake in Fluence Pharma Private Limited, a nutraceuticals company with products under brands including Hairfact and Skinfact.

JSA advised Honasa Consumer Limited (Honasa), the parent company of Mamaearth, in acquiring a 58 percent stake in nutraceuticals company Fluence Pharma Private Limited (having products by the brand name ‘Hairfact’, ‘Skinfact’ etc.), marking its entry into the nutraceuticals segment. The remaining shareholding will be acquired by Honasa in two tranches within next 5 -7 years. The transaction is valued at INR 135 crores.

The JSA team was led by Lalit Kumar, Partner and Amandeep Singh Virk, Partner, with support from Muskaan Gupta, Associate; Sameer Dahiya, Associate; Rahul Kapoor, Associate and Aditi Sharma, Associate.

The tax team was supported by Kumarmanglam Vijay, Partner and Head of Practice, Direct Tax and Surajkumar Shetty, Partner.