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We Sold Our Payments And Logistics Businesses For Less Than What They Were Worth: Snapdeal
Snapdeal had raised eyebrows when it had sold off several of its non-core businesses in quick succession a few years ago, and CEO Kunal Bahl has now admitted that those were distress sales. “Whenever you’re in trouble, everyone will try to squeeze the last drop of blood out of you. Especially when you’re selling assets, and people think that the company’s is in a bit of a distress situation,” he said in a recent podcast....