MoneyWorks4Me

Avenue Supermarts raises Rs 4098 crore

11 Feb 2020 Evaluate

Avenue Supermarts’ board has allotted 20,000,000 equity shares of face value Rs 10 each to eligible qualified institutional buyers at the issue price of Rs 2,049 per equity share (including a premium of Rs 2,039 per equity share), aggregating to Rs 4098 crore. The Operations Committee of Directors at its meeting held on February 11, 2020 has approved and allotted the same.

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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