NSE:DMART

Avenue Supermarts Raises INR3 Billion Through Allotment of Commercial Papers

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 Invests Additional INR1.50 Billion in Subsidiary Avenue E-Commerce

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.

Asian Markets Downgrades Avenue Supermarts to Hold from Accumulate; Price Target is INR4,500

Jefferies Adjusts Avenue Supermarts' Price Target to INR4,500 From INR4,050, Keeps at Hold

Avenue Supermarts' Consolidated Profit Rises in Fiscal Q4

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.

Emkay Global Starts Avenue Supermarts at Sell with INR3,700 Price Target