Arohi Asset Management Crosses 5% Threshold in Honasa Consumer with Strategic Share Acquisition
Arohi Asset Management Pte. Ltd. acquired 760,000 shares in Honasa Consumer Limited on January 19, 2026, increasing its total holding to 16,563,262 shares (5.09% stake). The Singapore-based asset manager disclosed this substantial acquisition under SEBI regulations after crossing the 5% threshold. The shares are distributed across four independently managed funds, with the largest holdings in IROHA EMERGING INDIA FUND – I (1.855%) and AROHI EMERGING INDIA MASTER FUND (1.758%).

*this image is generated using AI for illustrative purposes only.
Singapore-based Arohi Asset Management Pte. Ltd. has crossed the 5% shareholding threshold in Honasa Consumer Limited following a strategic acquisition of 760,000 shares on January 19, 2026. The asset manager disclosed this substantial acquisition to BSE Limited on January 30, 2026, in compliance with SEBI regulations governing significant shareholding changes.
Acquisition Details and Holdings Structure
The recent purchase increased Arohi Asset Management's total holding from 15,803,262 shares to 16,563,262 shares, representing a jump from 4.857% to 5.091% of Honasa Consumer's total issued share capital. The acquisition was executed through open market transactions, with the company's equity share capital remaining unchanged at 325,369,794 shares.
| Parameter | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Total Shares Held | 15,803,262 | 16,563,262 | +760,000 |
| Percentage Holding | 4.857% | 5.091% | +0.234% |
| Voting Rights | 4.857% | 5.091% | +0.234% |
Fund Distribution and Management Structure
The shareholding is distributed across four distinct investment vehicles managed by Arohi Asset Management, each operating independently without common acquisition objectives. The funds maintain separate voting rights and management strategies, as outlined in the regulatory disclosure.
| Fund/SMA Name | Shares Held | Percentage |
|---|---|---|
| AROHI EMERGING INDIA MASTER FUND | 5,720,054 | 1.758% |
| IROHA EMERGING INDIA FUND – I | 6,036,681 | 1.855% |
| IROHA EMERGING INDIA FUND II | 220,939 | 0.068% |
| MAP INSTITUTIONAL LLC - 804 SERIES | 4,585,588 | 1.409% |
Recent Trading Activity
The January 19, 2026 acquisition involved two of the managed funds, with AROHI EMERGING INDIA MASTER FUND purchasing 415,000 shares and MAP INSTITUTIONAL LLC - 804 SERIES acquiring 345,000 shares. Both transactions were executed on the same trading date through open market purchases.
Regulatory Compliance and Disclosure
The disclosure was filed under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Brian Cheang, serving as Compliance Officer, and Chandrashekar Shekar, Director of Arohi Asset Management Pte. Ltd., signed the regulatory filing from Singapore. The company emphasized that despite crossing the 5% threshold, the funds operate independently with no coordinated acquisition strategy or control objectives.
Honasa Consumer Limited shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The acquisition represents a significant institutional investment in the consumer goods company, reflecting confidence in its business prospects among international fund managers.
Historical Stock Returns for Mamaearth
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.21% | +0.22% | -0.23% | +4.18% | +24.51% | -18.02% |


































