No promoter in driver's seat at D-Mart

Company's Rs 1870-crore IPO will open on March 8 and close on March 10

Samie Modak & Pavan Burugula  |  Mumbai 

Avenue Supermarts, which operates the successful D-Mart retail chain, will probably be the only listed company in India where promoter shareholding will be in excess of 80 per cent. Yet, they will have no executive board seat or say in the management.   The company’s Rs 1,870-crore initial public offering (IPO) will open on March 8 and close on March 10.   Founded by stock market ace investor Radhakishan Damani, Avenue Supermarts turned into a professionally-managed company since 2011.   Damani or family members do not have an executive role at Avenue ...

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No promoter in driver's seat at D-Mart

Company's Rs 1870-crore IPO will open on March 8 and close on March 10

Company's Rs 1870-crore IPO will open on March 8 and close on March 10 Avenue Supermarts, which operates the successful D-Mart retail chain, will probably be the only listed company in India where promoter shareholding will be in excess of 80 per cent. Yet, they will have no executive board seat or say in the management.   The company’s Rs 1,870-crore initial public offering (IPO) will open on March 8 and close on March 10.   Founded by stock market ace investor Radhakishan Damani, Avenue Supermarts turned into a professionally-managed company since 2011.   Damani or family members do not have an executive role at Avenue ... image
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