Avenue Supermarts is parent of D-Mart. The supermarket chain, with a focus on value-retailing, opened its first store in Mumbai in 2002, and had expanded to 118 stores as of 31 January.
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Avenue Supermarts is likely to bring out an IPO soon. Well known value investor Radhakishan Damani and his family own 91.34% of Avenue Supermarts.