Reliance Capital To Make A Fortune From Yatra Stakes [12X Returns Expected]

In the process of encashing its minority investments, Reliance Capital is in talks with international investors to sell its 16 percent stake in travel portal Yatra.com for an estimated INR 500Crore. This would mean more than 12X appreciation from its investment of INR 40 Crore back in 2006.
The deal would be closed in 4-6 weeks and puts the total valuation on Yatra.com at IBR 3000 Crore. Other investors in the travel portal include Norwest Venture Partners (30%), TV-18 group (10%), Intel Cap (7%) and Valliant Capital (10%). (management team owns 6%) [source].
In a case of selling stocks during the present eCommerce boom, SAIF partners recently sold 2.41% Stakes In JustDial for INR 255 Crores.