SoftBank signs indemnity contract over Unicommerce promoter tag

SoftBank signed an indemnity contract with Snapdeal and its Co-founders Kunal Bahl and Rohit Bansal after the firm was termed as a 'promoter' of Snapdeal-backed Unicommerce eSolutions. "Indemnity Agreement was executed for the purposes of indemnifying SoftBank against any claim or loss...by [other] promoters," Unicommerce's filing with SEBI read. SoftBank will be held harmless in event of loss.