Avenue Supermarts raises Rs 500 crore via Commercial Paper

Avenue Supermarts has raised Rs 500 crore through allotment of Commercial Paper. The Commercial Paper has a tenure of 80 days and a coupon rate of 6.60%. Further, the Commercial Paper has a credit rating of ICRA A1+. 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.