Avenue Supermarts has received an approval to incorporate a wholly-owned subsidiary. The Board of Directors of the company at its meeting held on May 5, 2018, approved the same.
The Board has also approved the issue of Secured, Rated, Non-convertible, Cumulative, Redeemable Debentures up to Rs 1,500 crore.
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.
