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Avenue Supermarts raises Rs 100 crore via Commercial Paper

The Commercial Paper has a tenure of 80 days and a coupon rate of 6%

Avenue Supermarts has raised Rs 100 crore through allotment of Commercial Paper. The Commercial Paper has a tenure of 80 days and a coupon rate of 6%. Further, the Commercial Paper has a credit rating of ICRA A1+. 

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