Avenue Supermarts has successfully redeemed commercial papers worth ₹100 crore, according to a recent announcement. The redemption was conducted in full, with the maturity proceeds duly paid to the holders of the commercial papers.
The company confirmed that the redemption was based on maturity, with no partial redemption involved. A total of 2,000 commercial papers were redeemed, with both the due date and the actual date for redemption being 30th March 2026. Following this redemption, there is no outstanding amount left.
The commercial papers, identified by the ISIN INE192R14311, were redeemed as per the guidelines issued by the Securities and Exchange Board of India (SEBI) and in accordance with the FAQs for Listing of Commercial Papers issued by BSE Limited.
This transaction marks a significant financial move for Avenue Supermarts, as it effectively manages its short-term debt obligations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).