India, April 1 -- AvenuesAI's (formerly Infibeam Ventures) subsidiary Rediff has filed its IPO papers via the confidential route with SEBI. 

"Rediff.com India Limited, a subsidiary of AvenuesAI Ltd, has filed the pre-filed DRHP with the SEBI, the BSE and the NSE in relation to the proposed IPO of its equity shares .on the main board of the BSE and the NSE. The filing of the pre-filed DRHP shall not necessarily mean that Rediff will undertake the IPO," Avenues AI said in an exchange filing today.

As per media reports, the size of the IPO could be in the range of Rs.600-Rs.800 Cr. 

Founded in 1995 by Ajit Balakrishnan, Rediff is a Mumbai-based internet company that began as a news media outlet but later expanded into multiple d...