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Avenue Supermarts raises Rs 100 crore via NCDs

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 Committee of Directors at its meeting held on September 18, 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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