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Reliance PE offloads entire stake in DTDC to GeoPost SA

09 Jul 2013 Evaluate

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.

Peers
Company Name CMP
Bajaj Finance 1027.00
Shriram Finance 1005.00
Aditya Birla Capital 400.10
Tata Capital 350.90
Chola Invest & Fin. 1778.60
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