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  Business   Companies  22 Mar 2017  Snapdeal refutes reports, says not up for sale

Snapdeal refutes reports, says not up for sale

REUTERS
Published : Mar 22, 2017, 1:58 pm IST
Updated : Mar 22, 2017, 2:15 pm IST

There have reports of company having taks with Paytm and Flipkart for potential sale.

E commerce  company Snapdeal
 E commerce company 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.

Tags: snapdeal, paytm, flipkart, e commerce