Avenue Supermarts Limited has invested Rs 149.99 crore in its subsidiary Avenue E-Commerce Limited by subscribing to 4,32,90,000 equity shares at an issue price of Rs 34.65 per share. The investment was completed on 8 June 2026 through a preferential allotment for cash consideration.
Avenue E-Commerce Limited operates the online and multi-channel grocery retail business under the brand name DMart Ready. The subsidiary posted a turnover of Rs 4,093.61 crore for the financial year ended 31 March 2026, compared with Rs 3,502.42 crore in FY25 and Rs 2,899.20 crore in FY24.
The transaction is classified as a related party transaction executed at arm's length. Mrs Manjri Chandak, a Director of Avenue Supermarts Limited and a member of the Promoter Group, also serves as a Director on the board of Avenue E-Commerce Limited. The Promoter Group does not hold any other interest in the subsidiary.
Avenue E-Commerce Limited will use the funds towards operational requirements, working capital needs, and capital expenditure. No governmental or regulatory approvals were required for the transaction.
Following the subscription, the shareholding of Avenue Supermarts Limited in the subsidiary rose to 99.79 per cent from 99.77 per cent. Avenue E-Commerce Limited was incorporated on 11 November 2014 and is engaged in the retail industry.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.