Augusta TBO Singapore Pte Ltd. and TBO Korea Holdings Ltd. have announced plans to sell up to 3.1% stake in TBO Tek Ltd. through a block trade, according to media reports. The offer floor price has been set at ₹1,180 per share, representing a 7% discount to the stock’s closing price on Thursday.
The stake sale is expected to raise approximately ₹4 billion ($46.3 million) for the selling entities. Additionally, reports indicate that the deal will include a 30-day lock-up period on the residual stake held by the sellers, preventing further immediate share sales.
The block trade comes at a time when TBO Tek has witnessed strong investor interest, given its position as a global travel distribution platform catering to B2B travel businesses. The company has expanded its technology-driven solutions for travel agents, hotels, and airlines, making it a key player in the travel-tech space.
Market analysts believe that while the discounted pricing may result in short-term pressure on the stock, the strong business fundamentals and long-term growth prospects of TBO Tek could help absorb the selling pressure. Investors will be watching market reaction closely to assess the impact of the deal on stock performance.
