Indian e-commerce platform Snapdeal has filed preliminary documents with the markets regulator to raise funds through an initial public offering (IPO) as the latest internet-led business looking to list on domestic stock exchanges, The Hindu reported.
The public issue comprises fresh issuance of equity shares worth 12.5 billion rupees ($165 million) and an offer for sale of 30,700,000 equity shares, according to the draft red herring prospectus.
Read the full report: The Hindu
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