Snapdeal Parent AceVector Gets SEBI Nod For Its IPO

Snapdeal parent AceVector Group has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO).

The regulator issued its final observations during the week ended November 11. In SEBI’s parlance, issuance of observations is a nod to proceed with the public issue.

Besides AceVector, SEBI also cleared IPO papers of Silver Consumers Electricals and Steel Infra Solutions Company in the week.