India, Feb. 17 -- Yatra's promoter entity, THCL Travel Holding Cyprus Ltd, has sold 28.33 Lakh shares through a bulk deal at a price of INR 158.05 per share. The promoter entity, which held 57.4% stake or 9.01 Cr shares in the company at the end of the December quarter, has netted a total of Rs.44.8 Cr from the deal.

THCL, formerly named Yatra Online (Cyprus) Limited, is a wholly-owned subsidiary of Yatra used as a holding vehicle for the parent company. Yatra's founders, Dhruv Shringi and Manish Amin, hold a minority stake in THCL, with certain shares held in their names purely in a nominee capacity on behalf of THCL, and not in their individual or promoter capacities.

Important to mention that the promoter has maintained its 57.4% sta...