Snapdeal files DRHP with SEBI to raise Rs 1,250 Cr via fresh issue

11:20:00 PM, Tuesday 21st of December 2021 | in business

Indian e-commerce platform Snapdeal has filed its draft red herring prospectus (DRHP) with markets regulator SEBI for an initial public offer (IPO). The IPO consists of a fresh issue of equity shares worth up to Rs 1,250 crore and an offer-for-sale (OFS) of up to 30.77 million equity shares by existing shareholders, as per DRHP.