AceVector Stumbles on Debut as Snapdeal Founders Pledge Stakes
AceVector, the parent of Snapdeal, made a subdued entry on Dalal Street, with its shares listing below expectations and underscoring the market’s caution toward consumer internet businesses that have yet to deliver consistent profitability. The weak debut came alongside disclosures that the company’s founders have pledged stakes, a detail likely to keep investors focused on balance-sheet flexibility and promoter confidence in the months ahead.
