SBI MF, ICICI Prudential MF, and Nippon India MF Acquire 4.12% Stake in TBO Tek for ₹537 Crore

SBI MF, ICICI Prudential MF, and Nippon India MF Acquire 4.12% Stake in TBO Tek for ₹537 Crore

ByAradhana

In a significant investment move, SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF collectively acquired a 4.12% stake in travel distribution firm TBO Tek through open market transactions on Friday. The total purchase was valued at ₹537 crore. Investment Breakdown According to bulk deal data, the three mutual fund houses purchased a…

TBO Tek Shares Slide 5.5% After Rs 400 Crore Block Deal; Augusta TBO, TBO Korea Offload Stake

TBO Tek Shares Slide 5.5% After Rs 400 Crore Block Deal; Augusta TBO, TBO Korea Offload Stake

ByAradhana

Shares of TBO Tek dropped 5.5% to an intraday low of Rs 1,200 on the BSE on Friday after a Rs 400 crore block deal in the travel distribution firm. Sources told CNBC-TV18 that Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd are looking to sell up to a 3.1% stake in the…