Snapdeal parent AceVector confidentially files for D-Street debut

Gurgaon-based AceVector Group has filed draft documents with the capital markets regulator for an initial public offering, the holding company of Snapdeal and Unicommerce said in a newspaper advertisement on Saturday.

It filed the draft red herring prospectus (DRHP) under the Securities and Exchange Board of India’s confidential filing facility, which allows companies to delay public disclosure of the details.

AceVector, founded by Kunal Bahl and Rohit Bansal, also operates consumer brand building company Stellaro Brands. It is listed as a promoter…