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    AceVector IPO: SoftBank-backed Snapdeal parent refiles draft papers with Sebi; plans Rs 300 crore fresh issue

    11 hours ago

    AceVector, backed by SoftBank, has filed updated IPO papers with Sebi, aiming to raise Rs 300 crore through a fresh share issue. Existing shareholders will also sell 6.38 crore shares. Proceeds will bolster technology, marketing, and acquisitions for its e-commerce ventures, including Snapdeal. The company reported strong revenue growth and reduced losses.
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