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E-commerce

AceVector raises Rs 189 Cr from anchor investors ahead of IPO

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AceVector raises Rs 189 Cr from anchor investors ahead of IPO

Snapdeal's parent AceVector raised Rs 189 crore from 14 anchor investors at Rs 32 per share ahead of its IPO, which remains open for subscription until September 29. Anchor participation signals institutional appetite for consolidated ecommerce plays; diversification across Snapdeal, Unicommerce and Stellaro Brands de-risks the narrative.

Source: Entrackr ↗

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