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AceVector shares slump in market debut

Shares of AceVector tumbled on its market debut as investors worried about ongoing losses. The parent company of Snapdeal listed sharply lower on the National Stock Exchange.

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FILE PHOTO: A private security guard stands at a gate of Snapdeal headquarters in Gurugram on the outskirts of New Delhi, India, April 3, 2017. REUTERS/Adnan Abidi/File Photo

Snapdeal parent AceVector fell 19.3% in its Monday market debut in India, valuing the company at 14.19 billion rupees ($147.36 million) amid ongoing investor profit concerns.
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