Avenue Supermarts opens 501st store at Gift City

0 min read     Updated on 22 Jun 2026, 04:36 PM
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Ashish TScanX News Team
AI Summary

Avenue Supermarts Limited opened a new store at Gift City, Gandhinagar, on June 21, 2026, bringing its total operational store count to 501. The company informed BSE Limited and The National Stock Exchange of India Ltd about this expansion.

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Avenue Supermarts Limited expanded its retail footprint by opening a new store at Gift City in Gandhinagar, Gujarat, on June 21, 2026. This expansion brings the company's total number of operational stores to 501 as of the said date.

The company submitted the necessary intimation to BSE Limited and The National Stock Exchange of India Ltd regarding the store opening. The filing confirmed the location of the new outlet and the updated store count.

Store Expansion Details

The following table outlines the key details of the recent expansion:

Parameter: Details
New Store Location: Gift City, Gandhinagar, Gujarat
Total Store Count: 501
Date of Opening: June 21, 2026

Avenue Supermarts continues to grow its network across the country. The new store in Gujarat represents the latest addition to the company's retail portfolio.

Historical Stock Returns for Avenue Supermarts DMart

1 Day5 Days1 Month6 Months1 Year5 Years
+1.44%+7.17%+6.70%+15.04%+1.32%+30.21%

How will the opening of the 501st store impact Avenue Supermarts' revenue growth in the upcoming fiscal quarter?

What are the company's expansion plans for the remainder of 2026 following this milestone?

How does the new store in Gift City align with Avenue Supermarts' strategy to tap into emerging urban markets?

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Avenue Supermarts issues Rs 300 crore commercial paper at 7.18%

1 min read     Updated on 10 Jun 2026, 01:28 AM
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Reviewed by
Jubin VScanX News Team
AI Summary

Avenue Supermarts Limited has allotted Rs 300 crores in commercial paper with a 7.18% coupon rate to raise short-term funds. The unsecured instrument, rated ICRA A1+, has a 90-day tenure maturing on September 7, 2026, and will be listed on BSE Limited.

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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

Parameter Details
Size of the issue Rs 300 crores
Coupon rate 7.18%
Tenure 90 days
Date of allotment June 9, 2026
Date of maturity September 7, 2026
Credit Rating ICRA A1+
Security Unsecured

Historical Stock Returns for Avenue Supermarts DMart

1 Day5 Days1 Month6 Months1 Year5 Years
+1.44%+7.17%+6.70%+15.04%+1.32%+30.21%

How will the proceeds from this Rs 300 crore issuance be utilized in the company's operations?

Does this move signal a shift in Avenue Supermarts' strategy towards short-term debt for working capital management?

What impact will the 7.18% coupon rate have on the company's overall interest costs compared to previous borrowings?

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1 Year Returns:+1.32%