Avenue Supermarts Limited — Important, 19-03-2025: General Updates

Avenue Supermarts Limited has invested ₹174.99 crore by subscribing to 4,67,78,000 equity shares at ₹37.41 each in its subsidiary, Avenue E-Commerce Limited (AEL). This acquisition increases Avenue Supermarts' shareholding in AEL from 99.71% to 99.74%. AEL focuses on online and multi-channel grocery retail and reported a turnover of ₹2,899.20 crore for FY 2023-24. The investment aims to strengthen AEL’s operational capabilities and meet its working capital needs. This move could bolster investor sentiment, reflecting a positive outlook for growth in the e-commerce segment.