Promoters seal Rp34bn Avenue Supermarts sell-down

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Promoters seal Rp34bn Avenue Supermarts sell-down

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Avenue Supermarts’ founder Radhakishan Damani and members of his family offloaded a portion of their shares in the company this week, raising more than Rp34.3bn ($478.1m). The deal came just days after the company issued a chunk of primary stock.

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