Avenue Supermarts has completed the acquisition of 26% shareholding of FP Ampere Energy (FPAEPL), a wholly owned subsidiary of Fourth Partner Energy for a total consideration of Rs. 1.99 crore. Consequently, FPAEPL has become an Associate Company of Avenue Supermarts. Powered by Capital Market - Live News

Avenue Supermarts has appointed Amit Jain as Chief Operating Officer and Parvez Vandrewala (presently serving as Vice President-Operations) as Chief Operating Officer of the Company with effect from 17 October 2024. Powered by Capital Market - Live News

The Board of Avenue Supermarts at its meeting held on 16 October 2024 has approved the appointment of Bhaskaran N (DIN: 10808853), Chief Operating Officer-Retail as an Additional Director of the Company. Further, the Board has approved appointment of Bhaskaran N as a Whole-time Director (Key Managerial Personnel) of the Company for a term of 2 (two) years effective 17 October, 2024, subject to approval of shareholders of the Company by way of Postal Ballot.Powered by Capital Market - Live News

Net profit of Avenue Supermarts rose 5.78% to Rs 659.58 crore in the quarter ended September 2024 as against Rs 623.56 crore during the previous quarter ended September 2023. Sales rose 14.42% to Rs 14444.50 crore in the quarter ended September 2024 as against Rs 12624.37 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales14444.5012624.37 14 OPM %7.577.96 - PBDT1110.971026.30 8 PBT903.19851.94 6 NP659.58623.56 6 Powered by Capital Market - Live News

Avenue Supermarts has entered into Transaction Documents today for acquisition of 26% stake in the equity share capital of the FP Ampere Energy (FPAEPL). The said transaction is subject to fulfilment of various terms and conditions as specified in the Transaction Documents.Powered by Capital Market - Live News