Avenue Supermarts raises Rs 300 crore through Commercial Paper

Avenue Supermarts has raised Rs 300 crore through allotment of Commercial Paper. The instrument has a tenure of 90 days and carries a coupon rate of 6.40% per annum. The instrument is unsecured, rated ICRA A1+ and proposed to be listed on the BSE.

Avenue Supermarts is a Mumbai-based company, which owns and operates D-Mart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof.