Augusta TBO (Singapore) and TBO Korea Holdings, two public shareholders of TBO Tek, on Tuesday pared a total of 5.9 per cent stake in the company for nearly Rs 935 crore through open market transactions.
TBO Tek is a technology platform engaged in the business of providing services related to tours and travel.
According to the bulk deal data available on the BSE, Augusta TBO (Singapore) sold 40.74 lakh shares, while TBO Korea Holdings offloaded 23.05 lakh shares, amounting to a 3.75 per cent and 2.12 per cent stake, respectively, in Gurugram-based TBO Tek.
The shares were disposed of in the price range of Rs 1,465.14-1,465 apiece, taking the aggregate deal value to Rs 934.73 crore.
After the stake sale, Augusta TBO's holding in TBO Tek has come down to 9.72 per cent from 13.47 per cent, while TBO Korea Holdings' stakeholding in the company has declined to 5.5 per cent.
ICICI Prudential Mutual Fund (MF), SBI MF and Axis MF acquired a total of 27.90 lakhs shares or 2.6 per cent stak