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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