Kalaari capital Managing Director (MD), Vani Kola gave her resignation on 2nd May, due to the willingness of investors to make a deal with SoftBank on Snapdeal‘s sale to Flipkart, according to the reports.
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“I regretfully inform you that at this juncture I would be unable to continue to be a part of the board, hence, I hereby tender my resignation from the office of the director of the company and request the board to discharge me of my duties as a director of the company with immediate effect,” Kola wrote in her resignation letter.
Nexus and Kalaari took the first step to resolving the issue which was creating a hindrance in Snapdeal’s sale to Flipkart. The expected move was taken by the MD Vani Kola is mostly because of her disagreement with this process.
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Kalaari and Nexus are still in differences and Softbank has proposed 60 million to Nexus and about $30 million to Kalaari and Snapdeal founders Bansal and Behl have been offered $15 million each with extra $30 million for the management team and staff.