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Avenue Supermarts to acquire 26% stake in FP Ampere Energy

18 Mar 2024 Evaluate

Avenue Supermarts has received approval to acquire 26% stake in the equity share capital of FP Ampere Energy, a wholly owned subsidiary of Fourth Partner Energy. To enhance the renewable based power consumption, the Company will acquire and maintain 26% equity stake in FPAEPL throughout the term of the project to maintain captive status as per Electricity Act and Rules thereunder.

The cost of acquisition is up to Rs 2 crore. The Board of Directors at their meeting held on March 16, 2024 has approved the same. 

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

4605.65 -23.60 (-0.51%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 4605.65
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Vishal Mega Mart 118.55
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