Avenue Supermarts has entered into Transaction Documents for acquisition of 26% stake in the equity share capital of FP Ampere Energy (FPAEPL). The said transaction is subject to fulfilment of various terms and conditions as specified in the Transaction Documents.
Earlier, the company had received approval from the board of directors to acquire 26% stake in the equity share capital of FP Ampere Energy, a wholly owned subsidiary of Fourth Partner Energy.
Avenue Supermarts is a Mumbai-based company, which owns and operates D-Mart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof.
