Avenue Supermarts invests ₹174.99 crore in subsidiary

Avenue Supermarts Limited (DMART) announced today that it has invested ₹174.99 crore in Avenue E-Commerce Limited (AEL), its subsidiary, by subscribing to 4,67,78,000 equity shares priced at ₹37.41 each. This investment increases Avenue Supermarts' shareholding in AEL from 99.71% to 99.74%. AEL, which operates under the brand name 'DMart Ready', will use the funds for operational, working capital, and capital expenditure requirements. AEL's turnover for the fiscal year 2024 was ₹2,899.20 crore. The transaction, executed at arm's length, is considered a related party transaction under SEBI regulations. Ashu Gupta, Company Secretary & Compliance Officer of Avenue Supermarts, confirmed the completion of the transaction on March 19, 2025.