Honasa Consumer Ltd, the parent company of Mamaearth, filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) in December 2022
Unlike VCs and PEs, these permanent capital vehicles offer long-term investment options like pension funds and insurance firms and look for regular income instead of fast returns on the invested capital
The orders came after the Securities Appellate Tribunal (SAT) had set aside SEBI's insider trading charges against certain individuals in the WhatsApp leak case in March 2021