Avenue Supermarts Invests in Avenue E-Commerce Limited; Acquires Shares for Rs 149 Crore
Avenue Supermarts Limited has made a significant investment by subscribing to equity shares of its subsidiary, Avenue E-Commerce Limited (AEL). The transaction was completed on June 8, 2026.The company invested an amount totaling Rs 1,49,99,98,500/- by purchasing 4,32,90,000 equity shares of AEL. These shares were issued by Avenue E-Commerce Limited on a preferential basis to the Company. The investment was made at an issue price of Rs 34.65 per share, which included a premium of Rs 24.65 over the face value of Rs 10 per share.
The funds raised from this subscription are designated for AEL's operational, working capital, and capex requirements.
Key Details of the Transaction
Avenue Supermarts Limited is expanding its stake in Avenue E-Commerce Limited (AEL), which operates within the Retail Industry. The details surrounding the investment and the target entity are as follows:| Particulars | Details |
|---|---|
| Target Entity Name | Avenue E-Commerce Limited (AEL) |
| AEL Turnover (March 31, 2026) | Rs 4,093.61 crores |
| Industry | Retail Industry |
| Transaction Completion Date | June 8, 2026 |
| Consideration Form | Cash consideration |
Background and Ownership Changes
AEL was incorporated on November 11, 2014, and operates in the online and multi-channel grocery retail space under the brand name 'DMart Ready'.The investment further strengthens Avenue Supermarts Limited's position as AEL holds a predominant stake. Prior to this transaction, Avenue Supermarts held 99.77% of the shares; post-transaction, this percentage increased slightly to 99.79%.
As a related party transaction, the acquisition was executed at an arm's length basis. While the Promoter/Promoter Group/Group Companies do not hold any interest in AEL, Mrs Manjri Chandak, who is a Director of Avenue Supermarts Limited and belongs to the Promoter Group, also serves as a Director in AEL.
AEL’s financial performance over the past three fiscal years shows steady growth:
| Financial Year | AEL Turnover (Rs Crores) |
|---|---|
| 2025-26 | 4,093.61 |
| 2024-25 | 3,502.42 |
| 2023-24 | 2,899.20 |
The investment by Avenue Supermarts Limited is part of the strategy to support AEL as it continues operations in online and multi-channel grocery retail.
DMART Stock Price Movement
Shares of Avenue Supermarts Limited shed value today, slipping 2.49% to settle at approximately ₹4063. The stock recorded a total volume of 265,674 shares during its final trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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