AvenuesAI Limited discloses that its subsidiary Rediff.com India Limited has filed a Pre-DRHP with SEBI, BSE, and NSE for a proposed IPO.
The filing is under Chapter IIA of SEBI ICDR Regulations 2018 for listing on BSE and NSE main board.
AvenuesAI clarifies the Pre-DRHP filing does not guarantee Rediff will proceed with the IPO.