Reliance Capital’s private equity business has offloaded its entire 39.51% holding in courier company DTDC to French express logistics firm GeoPost SA for Rs 158 crore. Earlier, Reliance Private Equity (Reliance PE) had bought the stake in 2006 for Rs 66 crore.
As part of the deal, GeoPost, which is a part of the French postal department La Poste Group, has agreed to invest additionally in the domestic courier major towards business development purposes, through a primary infusion.