Augusta TBO Sells 2.04% Stake in TBO Tek

Investor Augusta TBO (Singapore) Pte Ltd. offloaded a 2.04% stake in the listed B2B travel technology platform TBO Tek via open-market transactions. The company announced the sale of 21.8 lakh shares, though the exact deal size was not disclosed. Based on the stock's last closing price of ₹1,500.3 per share, the transaction value is estimated at approximately ₹327.5 crore (around $3.9 million USD).

Following the sale, Augusta TBO's shareholding in TBO Tek has reduced from 5.54% to 3.5%. The identities of the buyers were not revealed. This move comes more than a year after Augusta TBO previously sold 46.29 lakh shares for ₹555.6 crore.

The sale occurs amid a period of profit-taking by investors, coinciding with a recent uptick in TBO Tek's share price. The stock has increased by 11.2% in the past month and 28.2% over the last three months.

This share price performance follows a substantial increase in TBO Tek's revenue. For the fourth quarter of fiscal year 2025-26, operating revenue rose 82.6% to ₹814.4 crore, up from ₹446.1 crore in the same quarter last year. Net profit for the quarter saw a 2% increase, reaching ₹60.1 crore. TBO Tek, founded in 2006, provides travel services including hotel bookings, flight reservations, and holiday packages to travel agents and tour operators.