PRESS RELEASE
1 July 2026

JSA Advises Honasa Consumer Limited On Acquisition Of 58% Stake In Fluence Pharma Private Limited

J
JSA

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JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
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...
India

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.

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
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