Snapdeal Parent AceVector Sets IPO Launch in India
AceVector plans to raise 420 crore rupees in an IPO opening September 25.
AceVector, the parent company of Indian e-commerce platform Snapdeal, is heading for an initial public offering in India. According to reports by YourStory and Inc42, the offering will open to investors on September 25.
The company seeks to raise 420 crore rupees (4.2 billion rupees). The price band for the shares has been set at 30 to 32 rupees per share.
Sources: YourStory, Inc42 (India)
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