Report: Honasa, the parent company of Mamaearth, would postpone its IPO.
Reuters reports that Indian cosmetics business Honasa Consumer Limited, the owner of Mamaearth, has postponed its initial public offering (IPO). Weak market conditions were identified by sources as the cause of this development by Reuters. The fast-moving consumer goods company is reportedly in a “wait and watch” mode as the situation of the world market is still up in the air, according to the source. By the end of January, Mamaearth also intended to start marketing the IPO and start preliminary discussions with investors, but neither of those things had taken place yet, according to the sources. According to one…