India: DMart looks to raise up to $575m through QIP to fund business expansion

India: DMart looks to raise up to $575m through QIP to fund business expansion

D-Mart. Photo: Aniruddha Chowdhury/Mint

Avenue Supermarts Ltd, which runs the popular supermarket chain DMart, on Wednesday launched a qualified institutional placement (QIP) offering to raise up to Rs4,098 crore.