Business Companies 22 Mar 2017 Snapdeal says not in ...

Snapdeal says not in talks for sale

REUTERS
Published Mar 22, 2017, 1:42 pm IST
Updated Mar 22, 2017, 1:52 pm IST
It was reported Snapdeal was in talks with Paytm and Flipkart for a potential sale.
Snapdeal
 Snapdeal

E-commerce marketplace Snapdeal on Wednesday firmly denied that it was in talks to sell the firm, after Mint newspaper reported the company was in talks with domestic rivals for a potential sale.

Mint had reported Snapdeal was in talks with Paytm E-Commerce Pvt Ltd and Flipkart for a potential sale, quoting sources.

 

"Snapdeal categorically denies having had any such discussion. The information is incorrect and without basis. We are making decisive progress in our journey towards profitability and all our efforts are aligned in this direction," a spokeswoman said in a written statement.

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