Jasper Infotech operated e-commerce platform Snapdeal is looking at exiting teleshopping business DEN-Snapdeal TV Shop by divesting its entire stake in the company. Sameer Manhanda-promoted multi-system operator (MSO) DEN Networks currently holds 82.87% stake in the company, while Snapdeal has 17.13%.In an email response to queries sent by FE, a Snapdeal spokesperson said, “The decision to exit the DEN-Snapdeal JV was taken in early 2016 as part of our periodic evaluation to determine continued alignment of investments with our business needs. In execution of the decision, we had substantially reduced our stake mid-last year. The residual stake will be divested over the next few months to complete the process of exit.”