Reliance Capital To Sell Yatra.Com Stake
Reliance Capital is all set to sell its 16 per cent stake in leading travel portal Yatra.Com for an estimated Rs 500 crore and is in talks with 2-3 international investors. The deal would mark an over 12-times appreciation for this investment by Reliance Capital, the financial services arm of Anil Ambani-led business conglomerate Reliance Group, which had acquired a 16 per cent stake in the online travel company for Rs 40 crore in 2006. Reliance Cap is in talks with 2-3 leading international investors to sell this 16 per cent stake for an estimated $80 million (about Rs 500 crore). The identity of the interested buyers could not be ascertained.