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AceVector to launch an IPO on September 25 and pursue a valuation of Rs 1,741 crore

According to The Economic Times Tech, AceVector is raising Rs 287 crore in fresh capital through an IPO, while investors including SoftBank, Nexus Venture Partners and Foxconn are selling Rs 133 crore worth of shares via the offer-for-sale component. The report outlines the funding split between new money and secondary sale.

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AceVector to launch an IPO on September 25 and pursue a valuation of Rs 1,741 crore

economy2 d ago

coda.news AI summary

AceVector is raising Rs 287 crore in fresh capital through the IPO.
Investors SoftBank, Nexus Venture Partners and Foxconn are selling Rs 133 crore worth of shares through the offer-for-sale component.
The sale is part of the IPO process, involving a mix of new capital and secondary share sale.

SoftBank Foxconn AceVector Nexus Venture Partners Snapdeal Helios Mutual Fund Singularity Growth Alchemy Capital

The Economic Times TechRead original ↗