SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes

Snapdeal's three biggest investors — Japan's SoftBank, Kalaari Capital and Nexus Venture Partners have moved closer to resolving an impasse, potentially clearing the way for a sale of the e-tailer to one of its rivals, Flipkart or Paytm, according to a Mint report, citing unnamed sources.

The newspaper report said that at a board meeting of Jasper Infotech, the company behind Snapdeal, on Tuesday, SoftBank showed interest in buying a part of the stake owned by Kalaari and Nexus. Such a move would allow.....

This article is no longer available in our repository.

There could be multiple reasons for this.