Highlights
- Avenue Supermarts approved issuance of INR 1,000 crore non-convertible debentures.
- NCDs will be issued through private placement in one or more tranches.
- Detailed terms will be disclosed at the time of issuance or allotment.
Avenue Supermarts Limited (NSE:DMART), the operator of the DMart retail chain, has approved the issuance of non-convertible debentures (NCDs) aggregating up to INR 1,000 crore through a private placement. The decision was taken by the company's Board of Directors at its meeting held on July 11, 2026.
The company informed the stock exchanges that the proposed fundraising forms part of the matters considered and approved during the Board meeting. The issue may be carried out in one or more tranches, depending on the company's funding requirements and other relevant considerations.
Source: Analysis by Kalkine
Board Clears Private Placement of NCDs
According to the regulatory filing, the Board approved the issuance of non-convertible debentures with an aggregate value of up to INR 1,000 crore on a private placement basis.
The company did not disclose the tenor, coupon rate, maturity profile, investor categories or other terms of the proposed debt issuance in the filing. These details will be submitted at the time of the issuance and/or allotment of the non-convertible debentures in accordance with applicable regulatory requirements.
The company stated that the disclosures will be made as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the relevant SEBI Master Circular dated January 30, 2026.
Additional Details to Follow
The regulatory filing noted that the issuance may take place in one or more tranches through private placement.
The company also clarified that the details required under applicable SEBI regulations will be provided when the securities are issued or allotted. As a result, information relating to pricing, tenure, interest rate, redemption schedule and allotment remains undisclosed at this stage.
The Board meeting commenced at 1:30 p.m. and concluded at 2:50 p.m. on July 11, 2026.
The filing was signed by Ashu Gupta, Company Secretary and Compliance Officer of Avenue Supermarts Limited.
Regulatory Disclosure
The announcement was submitted to both BSE Limited and the National Stock Exchange of India Limited under the applicable listing regulations.
The company stated that the proposed issuance involves non-convertible debentures aggregating up to INR 1,000 crore and that further disclosures will be made in line with SEBI requirements upon issuance or allotment.
Key Risks
- Market conditions may influence debt issuance timing.
- Interest rate movements could affect borrowing costs.
- Regulatory approvals and compliance requirements remain applicable.
- Final issue terms are yet to be disclosed.
Summary
Avenue Supermarts has approved raising up to INR 1,000 crore through privately placed non-convertible debentures. The company said the fundraising may be completed in one or more tranches, while details including pricing, tenure and other terms will be disclosed at the time of issuance or allotment in accordance with SEBI regulations.
FAQs
Q: What did Avenue Supermarts' Board approve on July 11, 2026?
A: The Board approved the issuance of non-convertible debentures aggregating up to INR 1,000 crore through private placement.
Q: How will the proposed non-convertible debentures be issued?
A: The company plans to issue the NCDs in one or more tranches through the private placement route.
Q: When will the detailed terms of the NCD issue be disclosed?
A: The company said the required details will be submitted at the time of issuance and/or allotment of the debentures.