Dubai court upholds asset attachment order in UAE for Honasa; shares fall

Quick Summary:

In a statement to the stock exchanges, Mamaearth parent Honasa Consumer clarified that the Dubai court order will not have any financial impact on the company.

The statement further mentioned that if RSM's actions in Dubai are successful, the deposited amount will be returned to Honasa.

Shares of the company closed 4.96% lower at Rs 425 apiece on NSE.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Honasa Court Statement Consumer Order Company Trading Dubai Privacy Policy General

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-10-04 @ 12:46:51 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 258 words

Reading Time: 2 minutes read

Sentences: 17 lines

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