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.
Other existing investors in Yatra.com include
Norwest Venture Partners (30 per cent), TV-18 group (10 per cent), Intel Cap (7
per cent) and Valliant Capital (10 per cent). The management team has also got
6 per cent ownership.
The deal created the world’s largest media services
power house, with an order pipeline of Rs 2,000 crore, over 5,500 employees and
operations in the US, UK, Canada, China and Singapore, besides India.
Reliance MediaWorks and Prime Focus promoters
infused fresh equity capital of Rs 120 crore each into Prime Focus.
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