Salman Khan, like Amitabh Bachchan, is an astute deal maker. We saw how Amitabh Bachchan took the opportunity of being a brand ambassador for Just Dial to grab a chunk of shares at a throwaway price. Those shares are worth a fortune today.
Salman Khan has the same modus operandi. He prefers to take a stake in the companies whose products he is endorsing such as ‘Being Human’ and ‘Yatra.com’ (see the advt on youtube).
By a stroke of good luck, Salman Khan now finds himself on the same table as Billionaire brothers Mukesh and Anil Ambani.
How this happened is explained with clarity by Business Standard.
Anil Ambani’s Reliance Capital is already an existing investor in Yatra.com. Network 18 is another existing investor. Network 18 has been taken over by Mukesh Ambani’s Reliance Industries. The result is that Mukesh and Anil Ambani are indirect investors in Yatra.com.
Now, this augers good times for Yatra.com. It is among the top three travel portals in India with a market share of about 20%. In 2012-13, Yatra.com earned a revenue of Rs 162 crore but suffered a loss of Rs 77 crore. With the Ambani Bros backing it, money will be no problem and one will soon (hopefully) see it making bumper profits.
Interesting comment.
What was the percentage of stake owned by network18 in yatra.com