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Negen Capital Increases Stake in Snapdeal Parent AceVector to 4.5 Percent
M
Moneycontrol•05-10-2026, 21:14
Negen Capital Increases Stake in Snapdeal Parent AceVector to 4.5 Percent
- •Negen Capital Services acquired an additional 2.17 percent stake in AceVector through open-market transactions on October 5.
- •The acquisition of 1.18 crore shares was made for Rs 29.78 crore at a price of Rs 25.12 per share, taking total holding to 4.47 percent.
- •Negen capitalized on the recent stock correction following AceVector's debut where shares plunged 18.5 percent on listing day.
- •Other major entities including Leading Light Fund VCC, Necta Bloom VCC, Regal Fund, and IDFC First Bank offloaded portions of their shares.
Key Questions Answered
Following the acquisition of an additional 2.17 percent stake through open-market transactions, Negen Capital Services brought its total stake in AceVector to nearly 4.5 percent (specifically 4.47 percent) through the Negen Undiscovered Value Fund.
AceVector, the parent company of Snapdeal, raised Rs 189 crore by issuing 5.9 crore equity shares to 14 anchor investors ahead of its initial public offering.
The initial public offering of AceVector was subscribed 4.93 times by the final day of bidding on Tuesday.
