 "Radhakishan S Damani, founder, D-Mart, at the IPO listing ceremony of Avenue Supermarts in Mumbai on Tuesday. Photo: Suryakant Niwate")
Shares of Avenue Supermarts, which operates supermarket chain DMart, rallied 5 per cent to Rs 2,361, also its new high on the BSE on Thursday, after its board approved the launch of a qualified institutional placement (QIP) by the promoters.
The stock was trading higher for the fourth straight day, thus gaining 14 per cent during the period, against a 4 per cent rise in the S&P BSE Sensex.
Avenue Supermarts on Wednesday informed the stock exchanges that it launched a qualified institutional placement (QIP) by offering 20 million equity shares at Rs 1,999.04 per share.
The
The stock was trading higher for the fourth straight day, thus gaining 14 per cent during the period, against a 4 per cent rise in the S&P BSE Sensex.
Avenue Supermarts on Wednesday informed the stock exchanges that it launched a qualified institutional placement (QIP) by offering 20 million equity shares at Rs 1,999.04 per share.
The
