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Avenue Supermarts invests Rs 100 crore in Avenue E-Commerce

15 Feb 2024 Evaluate

Avenue Supermarts has invested an amount of Rs 100 crore by subscribing to 28,969,000 equity shares of Rs 10 each of Avenue E-Commerce (AEL), a subsidiary of the Company at an issue price of Rs 34.52 per share (including a premium of Rs 24.52 per share) on preferential basis. These funds shall be utilised by AEL towards its operational and working capital requirements.

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.

Avenue Supermarts Share Price

3952.25 1.55 (0.04%)
17-Jul-2026 15:23 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 3952.25
Trent 2840.30
Vishal Mega Mart 110.45
Aditya Birla Life 94.88
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