Home / BUSINESS / Avenue Supermarts inches up on raising Rs 100 crore via NCDs

Avenue Supermarts inches up on raising Rs 100 crore via NCDs

Avenue Supermarts is currently trading at Rs. 1940.50, up by 12.70 points or 0.66% from its previous closing of Rs. 1927.80 on the BSE.

The scrip opened at Rs. 1918.50 and has touched a high and low of Rs. 1964.50 and Rs. 1905.05 respectively. So far 27941 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1,964.50 on 18-Oct-2019 and a 52 week low of Rs. 1126.95 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1964.50 and Rs. 1803.55 respectively. The current market cap of the company is Rs. 121443.72 crore.

The promoters holding in the company stood at 80.21%, while Institutions and Non-Institutions held 10.83% and 8.96% respectively.

Avenue Supermarts’ board has allotted 1,000 Secured Rated Unlisted Redeemable Non-Convertible Debentures (NCDs) of Rs 10,00,000 each aggregating to Rs 100 crore on private placement basis. The Operations Committee of Directors at its meeting held on October 17, 2019 has approved and allotted 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.

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