DMart Operator's Investment in Online Arm

Avenue Supermarts plans to invest Rs 350 crore in DMart Ready in FY24

The Rs 350-crore of additional investment in Avenue E-commerce in FY24 by its parent is up for shareholders' approval and hence the actual investment may differ. AGM is on August 10, 2023.
Source: Company, Kotak Institutional Equities estimates
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