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DMarts now bigger than Bajaj Finserv, Nestle; owner Damani 6th richest in India

Tuesday, February 11, 2020, 1:14 PM

Avenue Supermarts the firm that controls supermarket chain DMart crossed Rs.1.50-lakh-crore in market-capitalisation on Monday, surpassing Nestle and Bajaj-Finserv to become India's 18th most valuable company. The company listed on March-21, 2017 at a market capitalisation of Rs.39,988-crore. Avenue shares rose 8.6% to close at an all-time high of Rs.2,484.15 on Monday after the company announced a share sale for institutional investors on February-5.