AceVector files UDRHP to raise Rs 300 Cr in fresh issue; reports positive free cash flow in H1 FY26

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E-commerce ecosystem firm AceVector Limited has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). 

The parent company of Snapdeal, Unicommerce, which also operates Shipway, Convertway and Stellaro Brands, plans to raise up to Rs 300 crore through a fresh issue and an offer for sale of up to 6.38 crore equity shares.

AceVector’s existing shareholders, including SoftBank, Nexus and Foxconn will divest part of their stakes through the OFS. 



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AceVector files UDRHP to raise Rs 300 Cr in fresh issue; reports positive free cash flow in H1 FY26


E-commerce ecosystem firm AceVector Limited has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). 

The parent company of Snapdeal, Unicommerce, which also operates Shipway, Convertway and Stellaro Brands, plans to raise up to Rs 300 crore through a fresh issue and an offer for sale of up to 6.38 crore equity shares.

AceVector’s existing shareholders, including SoftBank, Nexus and Foxconn will divest part of their stakes through the OFS. 



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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