{
TBO TEK LIMITED

Companies

}
001122334455554433221100
001122334455554433221100

investors plan to sell 3.1 percent stake in travel tech firm TBO Tek

Two overseas investors, Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd, plan to sell a combined 3.1% stake in B2B travel tech firm TBO Tek, aiming to raise approximately 400 crore rupees (US$46.3 million) through block deals. The shares will be offered at a floor price of 1,180 rupees (US$13.68), reflecting a 7% discount to the last closing price, with a 30-day lock-in period for the remaining shares. TBO Tek, which provides travel services and went public in May 2024, has seen a year-to-date decline of over 27% despite a revenue increase of 29.2% last quarter.
Tech in Asia
Indian Rupee United States Dollar TBO TEK LIMITED KOR SGP IND Show more
Business & Industry, Market Report
09:00 21.03.2025

TBO Tek reports strong revenue growth with revised earnings outlook

Anand Rathi has maintained a Buy rating on TBO Tek, setting a 12-month target price of Rs 2,070, down from Rs 2,150. The company reported a 24.7% year-on-year revenue growth in H1 FY25, driven by a 6.8% increase in monthly transacting buyers, although EBITDA margins declined to 18.6%. While hotel growth is expected to continue robustly, airline growth is projected to be flat or low single digits as the focus shifts to India outbound travel.
Moneycontrol
TBO TEK LIMITED IND
Finance & Economy, Market Report
08:24 02.12.2024
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