New Delhi, April 1 -- Rediff.com India Ltd, a subsidiary of listed fintech company AvenuesAI Ltd, has filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential pre-filing route, marking an important step towards a potential public listing.

"Rediff.com India Limited ('Rediff'), a subsidiary of AvenuesAI Limited ('Company'), has filed the Pre-Filed Draft Red Herring Prospectus ('Pre-DRHP') with SEBI, BSE and NSE for a proposed initial public offering of its equity shares......," says AvenuesAI in its stock exchange statement filing on Tuesday.

According to people aware of the development, the proposed initial public offering could raise between Rs 600 crore and Rs 800 crore, ...