Avenue Supermarts Invests ₹149.9 Cr in Subsidiary AEL

Avenue Supermarts Limited has invested ₹149.99 crore by subscribing to 4,32,90,000 equity shares of its subsidiary, Avenue E-Commerce Limited (AEL). The investment was made at an issue price of ₹34.65 per share, including a premium. These funds will be utilized by AEL for its operational, working capital, and capex requirements. AEL, which operates under the brand 'DMart Ready', reported a turnover of ₹4,093.61 crores as of March 31, 2026. The transaction is with a related party and executed on an arm's length basis, though a director of Avenue Supermarts also serves as a director in AEL.