|
|
by Suryaa |
Snapdeal on Tuesday filed for an Initial Public Offering(IPO). Snapdeal filed for IPO with an intention to raise Rs.1,250 crore through the sale of new equity shares. In addition to that, existing shareholders including SoftBank plan to sell 30.77 million shares.
The IPO also comprises an offer for sale of upto 3.07 crore equity shares of existing shareholders. Kunal Bahl and Rohit Bansal, who founded the Delhi-based e-commerce startup Snapdeal in 2010, won't dilute their shares.
