AvenuesAI Subsidiary, Rediff.com, Files Pre-DRHP for Proposed IPO of Equity Shares

AvenuesAI Ltd announced that its subsidiary, Rediff.com India Limited, has filed a Pre-Filed Draft Red Herring Prospectus (Pre-DRHP) with the Securities and Exchange Board of India, the BSE Limited, and the National Stock Exchange of India Limited. This filing is in relation to the proposed initial public offering of Rediff's Equity Shares under Chapter IIA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The IPO is expected to be listed on the main board of the BSE Limited and the National Stock Exchange of India Limited. However, the filing does not guarantee that Rediff will undertake the initial public offering. AvenuesAI will provide further details and make disclosures as and when there are material developments, in accordance with applicable laws.