Avenue Supermarts rises on signing transaction documents to acquire 26% stake in FPAEPL
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Avenue Supermarts is currently trading at Rs. 4550.00, up by 9.55 points or 0.21% from its previous closing of Rs. 4540.45 on the BSE.
The scrip opened at Rs. 4545.00 and has touched a high and low of Rs. 4614.35 and Rs. 4485.00 respectively. So far 7504 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5484.00 on 24-Sep-2024 and a 52 week low of Rs. 3618.85 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 5011.00 and Rs. 4485.00 respectively. The current market cap of the company is Rs. 296200.68 crore.
The promoters holding in the company stood at 74.65%, while Institutions and Non-Institutions held 17.24% and 8.10% respectively.
Avenue Supermarts has entered into Transaction Documents for acquisition of 26% stake in the equity share capital of FP Ampere Energy (FPAEPL). The said transaction is subject to fulfilment of various terms and conditions as specified in the Transaction Documents.
Earlier, the company had received approval from the board of directors to acquire 26% stake in the equity share capital of FP Ampere Energy, a wholly owned subsidiary of Fourth Partner Energy.
Avenue Supermarts is a Mumbai-based company, which owns and operates D-Mart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof.
