Avenue Supermarts’ promoter Radhakishan Shivkishan Damani is planning to sell up to 1% of the total paid up equity share capital of the company aggregating to 6,240,844 shares between May 21, 2018 and June 14, 2018 in the open market. Currently, the total promoter holding in Avenue Supermarts is 82.2%, which needs to be brought down to at least 75% by March 2020. The promoter in his personal capacity holds 39.41% stake in the company.
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.
