Rediff to raise $75 million through US listing

Indian web portal Rediff.com needs lots of money to keep traffic coming to its site. Now it plans to list its ADRs in the US in the hope of raising $75 million.
May 24, 2000

Rediff.com, one of India's leading web portals, hopes to raise $75 million in an initial offering of American Depositary Receipts on the US Nasdaq to expand its content and finance advertising, acquisitions and investments, according to a filing with the US Securities and Exchange Commission.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

HKEX to allow Bursa Malaysia firms to make secondary listings

An agreement will allow firms with a primary listing on Bursa Malaysia’s main market to apply for a secondary listing on HKEX as a Recognised Stock Exchange; it follows agreements with Indonesia, Singapore and Thailand; MSCI has launched an ECM partnership with the SGX.
July 23, 2026