Avenue Supermarts Rs40.9 billion qualified institutional placement

Value:

Re 40.98 billion

Dollar value:

$ 573 million

Status:

Completed

Date:

21/2/2020

Hypermarket chain Avenue Supermarts has raised Rs40.9 billion through the sale of 20 million shares on a qualified institutional placement basis.

Shah Shameer Ahmed - Researcher

India

Qualified institutional placement (QIP)

Capital markets : Equity

Consumer goods and services

Cyril Amarchand Mangaldas

Party: Avenue Supermarts (Issuer)

Lawyers: Abhinav Kumar, Yash Ashar

IndusLaw

Party: AXIS Capital (Book running lead manager)

Party: JM Financial (Book running lead manager)

Party: Kotak Mahindra Capital (Book running lead manager)

Party: DSP Merrill Lynch (Book running lead manager)

Party: HSBC Securities and Capital Markets (Book running lead manager)

Party: IDFC Securities (Book running lead manager)

Party: JP Morgan India (Book running lead manager)