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'What's logic of night curfews?', Snapdeal CEO asks as states reimpose Covid curbs

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Omicron variant, restricting people from doing parties amid Christmas and New Year holidays. Meanwhile, Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO).

The public issue comprises fresh issuance of equity shares worth ₹1,250 crore and an offer for sale (OFS) of 3.07 crore equity shares, according to the draft red herring prospectus (DRHP).

Snapdeal is an e-commerce company, and focuses exclusively on the value segment, with more than 90% of the products sold on the platform priced below ₹1,000 and more than 80% of its users residing beyond the metro cities.Never miss a story!

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