D-Mart Opens Delhi Store, Raises ₹100 Cr Short-Term Financing

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As of Monday, the commercial paper has a coupon rate of 6% and will maturity on December 29, 2025, after 91 days.

By issuing commercial paper, Avenue Supermarts Ltd., the company that runs the D-Mart retail chain outlets, has raised Rs 100 crore in short-term debt.

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Issued Monday, the commercial paper has a coupon rate of 6% and will maturity on December 29, 2025, after 91 days.

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In a regulatory filing, the business said that it is proposing to list the aforementioned commercial paper (CP) on the BSE. It also said that the CP has an ICRA A1+ credit rating.

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Avenue Supermarts said in a different filing that it launched a new shop on Tuesday at the Epicah Mall & Business Centre in Moti Nagar, New Delhi.

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It also said that as of right now, there are 431 D-Mart outlets overall.

Retailing essential home and personal goods throughout Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan, DMart is promoted by Radhakishan Damani and his family.

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