🛒 Avenue Supermarts Raises ₹300 Crore via Commercial Paper

Avenue Supermarts, the operator of the D-Mart retail chain, has raised ₹300 crore through the allotment of Commercial Paper (CP). The CP carries a 90-day tenure, a coupon rate of 7.18%, and has been assigned the highest short-term credit rating of ICRA A1+. The fundraising highlights the company's strong credit profile and ability to access short-term debt markets at competitive rates. Avenue Supermarts continues to strengthen its financial flexibility as it expands its presence in India's organized retail sector through the D-Mart network.