13 stories mentioning BOM:540376Updated 5d ago
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Avenue Supermarts (NSE:DMART, BOM:540376) opened a new store in Dharwad, Karnataka, taking its total store count to 510, according to a Thursday filing with the Indian exchanges.
Avenue Supermarts (NSE:DMART, BOM:540376) is looking to raise up to 10 billion Indian rupees through the issuance of domestic bonds, Bloomberg News reported Tuesday, citing sources familiar with the matter.The supermarket operator, which owns the DMart stores, has approached bankers regarding the rupee bond issue to finalize details such as the tenor and coupon, the report said.The proceeds from the bond sale, the company's first since October 2019, will fund capital expenditure, including opening new stores, according to the report.Avenue Supermarts did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Avenue Supermarts (NSE:DMART, BOM:540376) has an average rating of hold and mean price target of 4,437.42 Indian rupees, according to analysts polled by FactSet.
Avenue Supermarts (NSE:DMART, BOM:540376) said it has appointed Lalit Ahuja as chief operating officer, effective July 13, according to a stock exchange filing on Saturday.Shares of the company fell over 2% in Monday's morning trade.The supermarket chain's incumbent COO, Parvez Vandrewala, will move to the role of head of Centre of Excellence from Nov. 1.Avenue Supermarts' other COO, Bhaskaran N, has also been reappointed to the role from Oct. 17, 2026, to May 31, 2028, subject to shareholder approval.
Avenue Supermarts (NSE:DMART, BOM:540376) discontinued operations in seven Indian cities during the first quarter ended June 30 due to weak performance.As of June 30, the retailer operated 503 stores across 11 cities, according to a stock exchange filing on Saturday.Shares of the company fell over 2% in Monday's morning trade.
Avenue Supermarts (NSE:DMART, BOM:540376) approved the issuance of non-convertible debentures of up to 10 billion rupees through one or more private placements, according to an exchange filing Saturday.Details of the issuance will be disclosed at the time the debentures are issued or allotted, the filing said.
Avenue Supermarts (NSE:DMART, BOM:540376) has opened a new store in Gujarat, India, to take its total store count to 501, according to an Indian bourse filing on Sunday.Shares of the company rose nearly 1% in Monday's morning trade.The supermarket chain opened the new store in Gift City, Gandhinagar.
Avenue Supermarts (NSE:DMART, BOM:540376) raised 3 billion Indian rupees through the allotment of commercial papers, according to a Tuesday filing to the Indian stock exchanges.The commercial papers carry a coupon rate of 7.18% and are scheduled to mature in 90 days on Sept. 7.The commercial papers have an ICRA A1+ credit rating and are proposed to be listed on the BSE.
Avenue Supermarts (NSE:DMART, BOM:540376) has invested an additional 1.50 billion Indian rupees in its subsidiary Avenue E-Commerce, according to a Monday filing to the Indian stock exchanges.The company subscribed to around 43.3 million equity shares of 10 rupees each of Avenue E-Commerce at an issue price of 34.65 rupees per share, including a premium of 24.65 rupees.With this investment, Avenue Supermarts' shareholding in the subsidiary has increased to 99.79% from 99.77%.Avenue E-Commerce will use the funding for its operational, working capital, and capex requirements, the statement said.
Avenue Supermarts' (NSE:DMART, BOM:540376) consolidated attributable profit rose to 6.57 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.51 billion rupees a year ago.Earnings per share came in at 10.09 rupees from 8.45 rupees a year earlier, the supermarkets operator said in a filing to the Indian stock exchanges on Saturday.Revenue from operations in fiscal Q4 also increased to 176.8 billion rupees from 148.7 billion rupees a year ago. This was higher than the 174.9 billion rupees estimated by the analysts polled by Visible Alpha.
