Avenue Supermarts Ltd, the company behind the popular D-Mart retail chain, has raised ₹100 crore in short-term debt through the issuance of commercial paper. The commercial paper, issued on September 30, 2025, will mature after 91 days on December 29, 2025, and bears a coupon rate of 6%. The company has stated that the commercial paper is proposed to be listed on the BSE and has a credit rating of ‘ICRA A1+’.
In addition to this, Avenue Supermarts has also announced the opening of a new D-Mart store in New Delhi, located at Epicah Mall & Business Centre, Moti Nagar. This new store brings the total number of D-Mart stores to 431 as of the current date. D-Mart is a popular retail chain that sells basic home and personal products across various markets in India, including Maharashtra, Gujarat, Andhra Pradesh, and several other states.
The company, promoted by Radhakishan Damani and his family, has been expanding its presence in the Indian retail market. The issuance of commercial paper is a common practice among companies to raise short-term funds for their business operations. The credit rating of ‘ICRA A1+’ indicates that the company has a strong creditworthiness and is capable of repaying its debts on time.
Avenue Supermarts’ decision to open new stores and raise funds through commercial paper suggests that the company is confident about its growth prospects and is looking to expand its business further. The retail industry in India is highly competitive, and companies like D-Mart need to continuously innovate and expand their offerings to stay ahead of the competition. With its strong brand presence and wide range of products, D-Mart is well-positioned to continue its growth trajectory in the Indian retail market.