Snapdeal Parent AceVector Files Confidential Draft IPO Papers

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SUMMARY

AceVector plans to raise INR 500 Cr via its public issue which will largely consist of a fresh issue. CLSA and IIFL are set be the bankers for the public listing

Apart from Snapdeal, AceVector is also the parent of Unicommerce and Stellaro Brands

Snapdeal filed its DRHP in 2021 as well to raise INR 1,250 Cr, but due to the funding winter and turmoil in the domestic and global markets, it pulled back on its IPO plans a year later

AceVector, the parent company of ecommerce major Snapdeal, has confidentially filed draft…



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Snapdeal Parent AceVector Files Confidential Draft IPO Papers


SUMMARY

AceVector plans to raise INR 500 Cr via its public issue which will largely consist of a fresh issue. CLSA and IIFL are set be the bankers for the public listing

Apart from Snapdeal, AceVector is also the parent of Unicommerce and Stellaro Brands

Snapdeal filed its DRHP in 2021 as well to raise INR 1,250 Cr, but due to the funding winter and turmoil in the domestic and global markets, it pulled back on its IPO plans a year later

AceVector, the parent company of ecommerce major Snapdeal, has confidentially filed draft…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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