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Premji Invest writes to Snapdeal board on sale

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In what could throw a spanner in the works on the potential merger of Snapdeal, one of its key investors has written to its board seeking clarity on plans going forward. Sources say Premji Invest, in its letter to the board, sought details on plans for a potential merger or sale and also how the interests of minority shareholders will be protected in such a scenario. Snapdeal is yet to respond to these concerns.

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