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The Economic Times
The Economic Times

Capital Group sells 1% stake in D-Mart for Rs 2,537 crore

Capital Group Avenue Supermarts BSE

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.

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