The conglomerate is set to make a 12x profit on its $6.4m investment, made in 2006.
India-based diversified conglomerate Reliance Capital plans to sell its 16% stake in India-based online travel agency Yatra.com for $80m, Press Trust of India reported on Wednesday.
Reliance has reportedly entered talks with two or three international investors, which as yet remain undisclosed, and hopes to complete the transaction within the next six weeks.
The sale would value Yatra at $500m, representing a 12-fold increase in size since Reliance acquired the stake for Rs400m ($6.4m) in 2006.
Yatra has raised $125m…
