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Avenue Supermarts gets nod to raise funds by issuance of commercial paper

Avenue Supermarts has received an approval to raise funds by issuance of Commercial Paper up to Rs 300 crore from time to time in addition to the existing limit of Rs 200 crore. The Board of Directors of the company at its meeting held on October 13, 2018, approved the same.

Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof.