The company plans to raise ₹98.6 crore through its SME IPO by issuing 1.18 crore fresh equity shares, with a listing on the NSE SME platform. The net proceeds will be utilized for long-term working capital needs and general corporate purposes.
Neville Noronha quits Avenue Supermarts, Unilever’s Anshul Asawa to be new CEO
Neville Noronha, CEO of Avenue Supermarts, will not renew his contract ending in January 2026 after leading the company for over two decades. Anshul Asawa