Loan & Debt10 April 2026 at 01:21 pm
Avenue Supermarts allots ₹500 Cr Commercial Paper at 6.60%
AI Summary
Avenue Supermarts Ltd has allotted Commercial Paper worth ₹500 crores. The unsecured instrument has a tenure of 80 days, with an allotment date of April 10, 2026, and a maturity date of June 29, 2026. The Commercial Paper offers a coupon/interest rate of 6.60%, payable at maturity. It is proposed to be listed on the BSE Limited and holds a credit rating of ICRA A1+. This issuance allows the company to raise short-term funds for its operational needs.
Key Highlights
- Avenue Supermarts issued ₹500 Cr Commercial Paper.
- The instrument has an 80-day tenure, maturing June 29, 2026.
- It offers a 6.60% interest rate, payable at maturity.
- The Commercial Paper is unsecured and rated ICRA A1+.
- Funds raised will support short-term working capital needs.
DMARTDiversified Retail
Avenue Supermarts LtdPrice Impact