Snapdeal seeks Sebi nod for Rs 1,250 crore IPO

Bengaluru: Online marketplace Snapdeal has filed its draft red herring prospectus (DRHP) with the country’s markets regulator Sebi (Securities and Exchange Board of India) to raise Rs 1,250 crore through issuance of new shares. The IPO will also see an offer for sale (OFS) component of 30,769,600 shares where Snapdeal’s existing investors like SoftBank, Foxconn, […]

Snapdeal likely to file draft IPO papers soon

Online marketplace Snapdeal is expected to file its draft initial public offering (IPO) papers with the country’s markets regulator Sebi (Securities and Exchange Board of India) in the next few days, people briefed on the matter said. Snapdeal, once a challenger to Flipkart and Amazon India, is looking to raise around Rs 1,250 crore through […]

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