Reliance Capital has planned to sell 16 percent stake in leading travel portal Yatra. Com for an estimated Rs 500 crore. Financial services arm of Anil Ambani-led business conglomerate Reliance Group, would mark an over 12-times appreciation in this investment as the firm had invested Rs 40 crore in 2006. Reliance Capital is also in talks with 2-3 leading international investors to sell this 16 percent stake.
Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector. Reliance Capital has posted a rise of 9.68% in its net profit at Rs 68 crore for the quarter ended September 30, 2014 as compared to Rs 62 crore for the same quarter in the previous year.
