Avenue Supermarts Limited
American Funds (Capital Group) has dropped off the Avenue Supermarts Limited major shareholder list after last holding a 1.01 percent stake. This shift represents either a complete exit or a trim to beneath the 1 percent disclosure threshold.
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.