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 Mumbai-based Avenue Supermarts, as per bulk deal data on the BSE.
The shares were offloaded at an average price of Rs 3,750.58 apiece, taking the deal size to Rs 2,537.12 crore.
Details of Avenue Supermarts' share buyers could not be ascertained from the bourse.
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