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Avenue Supermarts to incorporate wholly-owned subsidiary

07 May 2018 Evaluate

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.


Peers
Company Name CMP
Avenue Supermarts 3631.90
Trent 2888.00
Vishal Mega Mart 100.15
PN Gadgil Jewellers 596.65
Aditya Birla Life 73.94
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