Capital Group Sells 1.04% Stake In D-Mart Parent Avenue Supermarts For ₹2,537 Crore
New Delhi, Aug 26: Financial services company Capital Group on Wednesday divested a 1.04 per cent stake in Avenue Supermarts Ltd, the parent of retail chain D-Mart, for Rs 2,537 crore through an open market transaction. US-based Capital Group, through its affiliate American Funds Insurance Series Global Growth and Income Fund, sold 67,64,623 equity shares, representing a 1.04 per cent stake in…
Capital Group, a financial services company based in the United States, has sold a 1.04% stake in Avenue Supermarts Ltd, the parent company of retail chain D-Mart, for a sum of ₹2,537 crore. The shares were sold through an open market transaction by Capital Group's affiliate, the American Funds Insurance Series Global Growth and Income Fund.
Avenue Supermarts witnessed a 1.04% decrease in its stock price following the divestment, closing at ₹3,822 per share on the BSE. Avenue Supermarts reported an 11.33% increase in its consolidated net profit to ₹860.44 crore for the June quarter of FY27, compared to ₹772.81 crore a year ago. The company's revenue from operations rose by 14.9% to ₹18,794.53 crore in the quarter under review, up from ₹16,359.70 crore in the same period last fiscal.
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