MoneyWorks4Me

Avenue E-Commerce becomes subsidiary of Avenue Supermarts

07 Mar 2018 Evaluate

Avenue Supermarts’ (ASL) shareholding in Avenue E-Commerce has been reduced from 100% to 99.66%. This is pursuant to the allotment of shares on preferential basis by Avenue E-Commerce to ASL and other applicants of the issue. Accordingly, Avenue E-Commerce becomes a subsidiary of ASL.

Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof.

Peers
Company Name CMP
Avenue Supermarts 3711.95
Trent 2772.20
Vishal Mega Mart 101.30
PN Gadgil Jewellers 609.10
Aditya Birla Life 82.36
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