Avenue Supermarts Limited
ICICI Prudential Mutual Fund decreased its stake in Avenue Supermarts from 2.64% to 2.34%, selling 20,02,363 shares for ₹791.29 crore.
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's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.