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Ola And Snapdeal Valuations Take A Beating: Face $555 Mn Markdown From SoftBank

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Softbank Group Corp has reportedly marked down close to $555 Mn in two of its Indian investments, cab hailing firm Ola and ecommerce marketplace Snapdeal, as per its six monthly earnings report, ending September 2016. Softbank on Monday announced second-quarter results posting a profit of $5.1 Bn, boosted by a favourable exchange rate, as well as by healthy […]

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