AceVector Files Updated DRHP, Eyes INR 300 Cr Via Fresh Issue

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SUMMARY

As per the UDRHP, the company’s public issue will comprise a fresh issue of equity shares worth up to INR 300 Cr and an OFS component of up to 6.39 Cr shares

AceVector plans to utilise the fresh IPO proceeds to fund a portion of Snapdeal’s marketing expenses, bolster its tech stack and fuel inorganic growth through acquisitions

AceVector filed its DRHP with SEBI via the confidential pre-filing route in July, and received the market regulator’s nod to float its IPO last month

Snapdeal parent AceVector Group has…



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AceVector Files Updated DRHP, Eyes INR 300 Cr Via Fresh Issue


SUMMARY

As per the UDRHP, the company’s public issue will comprise a fresh issue of equity shares worth up to INR 300 Cr and an OFS component of up to 6.39 Cr shares

AceVector plans to utilise the fresh IPO proceeds to fund a portion of Snapdeal’s marketing expenses, bolster its tech stack and fuel inorganic growth through acquisitions

AceVector filed its DRHP with SEBI via the confidential pre-filing route in July, and received the market regulator’s nod to float its IPO last month

Snapdeal parent AceVector Group has…



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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