Avenue Supermarts has invested an amount of Rs 149.99 crore by subscribing to 4,32,90,000 equity shares of Rs 10 each of Avenue E-Commerce (AEL), a subsidiary of company at an issue price of Rs 34.65 per share (including a premium of Rs 24.65 per share). These funds shall be utilised by AEL towards its operational, working capital and capex requirements. The transaction is completed on June 8, 2026
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.
