Avenue Supermarts has launched a qualified institutional placement (QIP) offering to raise up to Rs 4,098 crore. Funds will be used to expand the company's store network, invest in supply chain and also to repay loans.
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.