India's Avenue Supermarts is set to tap the corporate debt market for the first time in seven years, as it aims to raise funds through shorter duration up to three years bonds, two merchant bankers said on Wednesday.
The owner of the retail brand Dmart is looking to raise around 10 billion rupees ($104.81 million) and has alerted merchant bankers to work on the issue, the bankers said requesting anonymity as they are not authorised to speak to media.
