Snapdeal’s parent AceVector files confidential draft IPO papers with Sebi

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AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).

In a public announcement on Saturday, AceVector stated that it has submitted “the pre-filed draft red herring prospectus with Sebi and the stock exchanges …in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges”.

Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS)…



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Snapdeal’s parent AceVector files confidential draft IPO papers with Sebi



AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).

In a public announcement on Saturday, AceVector stated that it has submitted “the pre-filed draft red herring prospectus with Sebi and the stock exchanges …in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges”.

Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS)…



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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