Shares of Reliance Capital were up over 3% at Rs 533 on media reports that the company plans to sell its stake in on-line travel portal, Yatra.com.
Reliance Capital is all set to sell its 16 per cent stake in leading travel portal Yatra.Com for an estimated Rs 500 crore and is in talks with 2-3 international investors, Press Trust of India reported.
The deal would mark an over 12-times appreciation for this investment by Reliance Capital, the financial services arm of Anil Ambani-led business conglomerate Reliance Group, which had acquired a 16 per cent stake in the online travel company for Rs 40 crore in 2006, the report said.
The stock opened at Rs 521 and touched a high of Rs 538. At 14:55PM, over 6 million shares were traded on both the stock exchanges.
