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Initial public offering (IPO) - Snapdeal defers Rs 1,250-crore IPO as tech valuations dip
E-commerce marketplace filed a request with Sebi this week to withdraw its draft red herring prospectus
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Snapdeal defers Rs 1,250-crore IPO, here is the REASON
Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell-off in tech stocks worldwide.
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IPO - Snapdeal defers IPO plan, withdraws draft red herring prospectus (DRHP)
It joins the likes of Boat, PharmEasy and Droom, who have shelved their IPO plans
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SoftBank Is The Largest Shareholder of IPO-Bound Snapdeal
SoftBank will offload the highest number of shares in the Snapdeal IPO. SoftBankâs Starfish I Pte Ltd will offload up to 2.4 Cr shares.
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Snapdeal files DRHP for IPO to raise Rs 1,250 crore via fresh issue
Snapdeal plans to use Rs 900 crores from the primary issue of Rs 1,250 crores to facilitate organic growth.
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Snapdeal Files DRHP, Offer Includes Fresh Issue Of INR 1,250 Cr
New Delhi-based ecommerce startup Snapdeal has filed its draft red herring prospectus to issue fresh shares worth INR 1,250 Cr.
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