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   Why did starfish (SoftBank) sign the indemnity agreement?

   • “The Indemnity Agreement was executed for the purposes of indemnifying Starfish (Softbank entity) against any Claim or Loss, in its capacity as one of the Corporate Promoters of our Company (Unicommerce), by the Individual Promoters (Kunal Bahl and Rohit Bansal) and AceVector,” read the filings made with SEBI.

   Tagged as promoter of Snapdeal-backed Unicommerce eSolutions, Soft…

   www.moneycontrol.com/news/business/tagged-as-promoter-of-snapdeal-backed-unicommerce-esolutions-softbank-seeks-indemnity-rights-from-kunal-bahl-rohit-bansal-12753509.html

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   Is Softbank a promoter of IPO-bound unicommerce eSolutions?

   • Japanese investment major was classified as the “promoter” of IPO-bound Unicommerce eSolutions. The move by SoftBank is aimed at protecting its executives from future liabilities arising out of the responsibilities of being deemed a promoter of Unicommerce, a Snapdeal-backed software-as-a-service companny

   SoftBank signs indemnity clause over Unicommerce 'promoter' tag

   www.business-standard.com/markets/news/unicommerce-ipo-softbank-seeks-indemnity-rights-from-snapdeal-founders-124062100987_1.html

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   Who owns unicommerce & SoftBank?

   • AceVector Ltd, along with its founders Kunal Bahl and Rohit Kumar Bansal, has been the operator of Unicommerce while SoftBank has been a financial investor, a Unicommerce spokesperson told ET. “Pursuant to all entities being classified as promoters of Unicommerce, the operating entities have agreed to indemnify the financial investor.

   SoftBank gets promoter tag in Unicommerce’s IPO filing

   economictimes.indiatimes.com/tech/startups/softbank-gets-promoter-tag-in-unicommerces-ipo-filing/articleshow/111171479.cms

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   Why did starfish sign an indemnity agreement with acevector?

   • “The indemnity agreement was executed for indemnifying Starfish (SoftBank entity) against any claim or loss, in its capacity as one of the corporate promoters of our company, by the individual promoters and AceVector,” said an addendum filed with Sebi earlier this month.

   SoftBank signs indemnity clause over Unicommerce 'promoter' tag

   www.business-standard.com/markets/news/unicommerce-ipo-softbank-seeks-indemnity-rights-from-snapdeal-founders-124062100987_1.html

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2. economictimes.indiatimes.com › tech › startupsSoftBank gets promoter tag in Unicommerce’s IPO filing

   economictimes.indiatimes.com › tech › startups

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   Jun 21, 2024 · SoftBank has also signed an indemnity agreement with Bahl and Bansal to protect itself and its executives from any liabilities that may arise out of the responsibilities of being deemed a promoter of Unicommerce.

   • SoftBank-backed FirstCry, Unicommerce get IPO Nod - The ...

     SoftBank has also signed an indemnity agreement with Bahl...

3. www.business-standard.com › markets › newsSoftBank signs indemnity clause over Unicommerce 'promoter ...

   www.business-standard.com › markets › news

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   Jun 21, 2024 · This report has been updated SoftBank has entered into an indemnity agreement with Snapdeal founders --- Kunal Bahl and Rohit Bansal --- after the Japanese investment major was classified as the “promoter” of IPO-bound Unicommerce eSolutions.

4. www.pressreader.com › india › business-standardSoftbank signs indemnity clause over Unicommerc­e ‘promoter ...

   www.pressreader.com › india › business-standard

   Jun 22, 2024 · Softbank has entered into an indemnity agreement with Snapdeal founders — Kunal Bahl and Rohit Bansal — after markets regulator Securities and Exchange Board of India (Sebi) classified the Japanese investment major as the “promoter” of Ipo-bound Unicommerc­e esolutions.

5. economictimes.indiatimes.com › markets › iposSoftBank-backed FirstCry, Unicommerce get IPO Nod - The ...

   economictimes.indiatimes.com › markets › ipos

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   Jul 2, 2024 · SoftBank has also signed an indemnity agreement with Bahl and Bansal to protect itself and its executives from any liabilities that may arise out of the responsibilities of being deemed a promoter of Unicommerce.

6. www.moneycontrol.com › news › businessTagged as promoter of Snapdeal-backed Unicommerce eSolutions ...

   www.moneycontrol.com › news › business

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   Jun 21, 2024 · Before the board's decision, SoftBank had on May 17 entered into an indemnity agreement with the Snapdeal co-founders to protect itself from any liabilities arising from being...

   • Author: Swaraj Singh Dhanjal

7. inc42.com › buzz › unicommerce-ipo-softbank-snapdealUnicommerce IPO: SoftBank, Snapdeal Cofounders Added As Promoters

   inc42.com › buzz › unicommerce-ipo-softbank-snapdeal

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   Jun 22, 2024 · Ahead of the new additions to the promoter list, SoftBank-owned Starfish also signed an indemnity agreement with AceVector, Bahl, and Bansal on May 17 to protect itself and its...

8. nishithdesai.com › fileadmin › user_uploadSoftBank signs indemnity clause over Unicommerce

   nishithdesai.com › fileadmin › user_upload

   SoftBank has entered into an indemnity agreement with Snapdeal founders --- Kunal Bahl and Rohit Bansal --- after the Japanese investment major was classified as the “promoter” of IPO-bound Unicommerce eSolutions.