{
  "id": 3528380,
  "title": "Capital Group Sells 1.04% Stake In D-Mart Parent Avenue Supermarts For ₹2,537 Crore",
  "url": "https://urgent.news/2026/08/26/capital-group-sells-1-04-stake-in-d-mart-parent-avenue-supermarts-for",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T14:33:06.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/capital-group-sells-104-stake-in-d-mart-parent-avenue-supermarts-for-2537-crore"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}