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BENGALURU: AceVector, the parent company of the ecommerce platform Snapdeal, submitted an updated draft red herring prospectus to the Sebi, moving closer to its public debut. The filing outlines plans to raise up to Rs 300 crore through a fresh issue of shares, along with an offer for sale (OFS) of up to 6.3 crore…
SoftBank-backed digital commerce ecosystem AceVector Ltd has filed updated draft red herring prospectus (UDRHP) with markets regulator Sebi for its proposed initial public offering, which includes a fresh issue of shares worth Rs 300 crore, according to PTI.The IPO will also feature an offer for sale (OFS) of 6.38 crore shares by existing shareholders. Promoter…
Kunal Bahl, cofounder, Snapdeal Snapdeal co-founder Kunal Bahl believes that the new H-1B visa rules will lead to a return of talented individuals to India. In a post shared on the social media platform X (formerly Twitter), Bahl said the new rules would “no doubt be tough” for these individuals as they move base. Still,…
