Reliance Capital to sell its 16% stake in Indian travel portal Yatra.com

yatraAccording 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.

India, Mumbai