Capital Group divested a 1.04 percent stake in Avenue Supermarts for Rs 2,537 crore. This significant open market transaction involved selling over 67 lakh equity shares of D-Mart's parent company. The shares were offloaded at an average price of Rs 3,750.58 per share. Avenue Supermarts' stock experienced a slight decline following the divestment announcement. The company recently reported an 11.33 percent rise in its June quarter net profit.
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