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Reliance Capital flat post selling stake in DTDC

GeoPost, will invest additionally through a primary infusion in business development. GeoPost is a part of the French postal department La Poste Group.

July 09, 2013 11:04 IST | India Infoline News Service

Reliance Capital's private equity business has sold its entire stake in courier company DTDC to French logistics company Geopost SA. Reliance Private Equity offloaded its entire 39.51% stake in a Rs. 158 crore deal. Anil Ambani-led company had bought the stake in 2006 for Rs. 66 crore

 

GeoPost, will invest additionally through a primary infusion in business development. GeoPost is a part of the French postal department La Poste Group.

At 10:59am,  the stock is trading at Rs. 372.60 up Rs. 2.35 or 0.73% on the National Stock Exchange Tuesday. It traded in a range of Rs. 371.35 - 378.30. Total traded volume at the counter stood at 19.5 lakh. 

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