Avenue Supermarts Ltd invests Rs. 174.99 crores in Avenue E-Commerce Ltd

Avenue Supermarts Limited ("Company") today i.e. on 19th March, 2025, has invested an amount of Rs. 174,99,64,980/- (Rupees One Hundred and Seventy-Four Crores Ninety-Nine Lakhs Sixty-Four Thousand Nine Hundred and Eighty Only) by subscribing to 4,67,78,000 equity shares of Rs. 10/- each of Avenue E-Commerce Limited (AEL), a subsidiary of the Company at an issue price of Rs. 37.41/- per share (including a premium of Rs. 27.41 per share).

Avenue E-Commerce Limited (AEL) is a Subsidiary of Avenue Supermarts Limited. The turnover of AEL as on 31st March, 2024 is Rs. 2,899.20 crores.

Shares of Avenue Supermarts Limited was last trading in BSE at Rs. 3845.55 as compared to the previous close of Rs. 3831.95. The total number of shares traded during the day was 5840 in over 1283 trades.

The stock hit an intraday high of Rs. 3860.20 and intraday low of 3796.60. The net turnover during the day was Rs. 22374478.00.

Source : Equity Bulls

Keywords

AvenueSupermarts INE192R01011 DMART DepartmentStores Investment AvenueECommerce