According to the Economic Times, Reliance Capital is to sell its 16 per cent stake in travel portal Yatra.com for an estimated Rs 500 crore (around $80 million) and is in talks with 2-3 international investors.
Other Yatra.com shareholders include Norwest Venture Partners – 30%, TV-18 group – 10%, Intel Cap – 7% and Valliant Capital – 10%. The management team owns 6%.
Founded in 2005, Yatra.com provides reservation facilities for more than 12,000 hotels in India and over 400,000 hotels around the world. It has an operating income of $51 million for the year.