Analysis and Insights into the world of IPOs and investing in India

Sunday, February 19, 2017

Avenue Supermarts (D-Mart) IPO - Objects to the Issue

The net proceeds of the IPO are proposed to be used as set forth below:

1. Repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed by the Company;

2. Construction and purchase of fit outs for new stores;

3. General corporate purposes.

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