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Avenue Supermarts to raise Rs 4,098 crore via QIP

06 Feb 2020 Evaluate

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.

Peers
Company Name CMP
Avenue Supermarts 3631.90
Trent 2888.00
Vishal Mega Mart 100.15
PN Gadgil Jewellers 596.60
Aditya Birla Life 73.50
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