India: Softbank reports $1.4b valuation loss on Snapdeal, Ola investments

India: Softbank reports $1.4b valuation loss on Snapdeal, Ola investments

People walk past a retail shop of the SoftBank telecommunications company in Tokyo, Japan, May 10, 2016. REUTERS/Thomas Peter/File Photo

Japanese investment giant SoftBank Group Corp today said it has reported a valuation loss of JPY 160,419 million ($1.4 billion) on its investments in cash-strapped e-commerce firm Snapdeal and transport hailing major Ola for the fiscal year ended March 2017.

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