Avenue Supermarts Limited has allotted commercial paper worth Rs 300 crores to raise short-term funds. The issuance carries a coupon rate of 7.18% and is unsecured, according to a regulatory filing submitted on June 9, 2026. The debt instrument has been assigned a credit rating of ICRA A1+.

The commercial paper has a tenure of 90 days, with the date of allotment recorded as June 9, 2026. The instrument is set to mature on September 7, 2026, at which point the principal and accrued interest will be repaid. The company intends to list the securities on BSE Limited.

The filing, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirmed that no special rights or privileges are attached to the instrument. Additionally, there are no reported delays in payments or defaults regarding interest or principal amounts. Ashu Gupta, Company Secretary & Compliance Officer, signed the disclosure.

Key Details of the Issuance

Avenue Supermarts Limited has invested ₹149.99 crore in its subsidiary, Avenue E-Commerce Limited (AEL), to bolster the latter's operational and capital requirements. The investment was made on June 8, 2026, through the subscription of 4,32,90,000 equity shares at an issue price of ₹34.65 per share, including a premium of ₹24.65 per share. This strategic infusion of funds aims to support AEL's working capital and capital expenditure needs, ensuring sustained growth in its business operations.

The transaction was executed at arm's length and classified as a related party transaction. While the promoter group does not hold a direct interest in AEL, Manjri Chandak, a Director of avenue supermarts dmart and a member of the promoter group, serves as a Director on the board of AEL. The investment was completed entirely through cash consideration, with no governmental or regulatory approvals required for the acquisition.

Investment and Shareholding Details

The subscription has marginally increased Avenue Supermarts Limited's stake in AEL. Prior to the transaction, the parent company held 99.77% of the subsidiary, which has now risen to 99.79%. The total cost of acquisition for the 4.32 crore shares amounted to ₹1,49,99,98,500.

Financial Performance of AEL

Avenue E-Commerce Limited, incorporated on November 11, 2014, operates in the retail industry under the brand name 'DMart Ready'. The subsidiary focuses on online and multi-channel grocery retail. AEL has demonstrated consistent growth in turnover over the past three financial years.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular.