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, Press Trust of India reported.
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, the report said.
The stock opened at Rs 521 and touched a high of Rs 538. At 14:55PM, over 6 million shares were traded on both the stock exchanges.
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