American Funds (Capital Group) newly bought 65,84,786 shares of Avenue Supermarts Limited worth ₹2,604.59 crore, representing a 1.01% stake.
A leading national supermarket chain, Avenue Supermarts operates under the DMart brand to deliver value-focused retail across India. The company specializes in food, FMCG, general merchandise, and apparel categories through an extensive network of physical stores. Its distinctive approach centers on affordable pricing and efficient supply chain operations to serve middle and lower-income households seeking everyday essentials at competitive rates.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
