TBO Tek
1,450.00
+4.60(+0.32%)
Market Cap₹15,745.23 Cr
PE Ratio73.07
Company Performance:
1D+0.32%
1M+7.61%
6M-9.69%
1Y-11.44%
5Y+3.11%
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More news about TBO Tek
09Apr 25
TBO Tek Faces Regulatory Hurdle as RBI Denies Approval for International Payments
TBO Tek Limited, a travel technology company, has been denied post-facto approval by the Reserve Bank of India (RBI) for international payment transactions worth ₹712.25 crore. The RBI's decision, communicated on April 8, 2025, relates to payments made through third parties or an Indian-registered company on behalf of foreign entities. This issue stems from an alleged violation of the Foreign Exchange Management Act, 1999. TBO Tek is currently evaluating its options and seeking further guidance from the RBI while committing to comply with applicable laws and regulations.
08Apr 25
TBO TEK Faces Regulatory Hurdle as RBI Rejects Foreign Payment Approval
TBO TEK Limited, a travel technology company, faces a regulatory challenge as the Reserve Bank of India (RBI) declined to approve its application for post-facto approval of foreign payments totaling ₹712.25 crore. The payments were received through third parties or an Indian-registered company on behalf of foreign entities. TBO TEK is now evaluating options and seeking guidance from the RBI to determine the appropriate course of action. This issue stems from an alleged violation under the Foreign Exchange Management Act, 1999.
21Mar 25
TBO Tek Shares in Focus: Augusta TBO and Korea Holdings Offer 3.1% Stake in Block Deal
Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd are set to sell up to 3.10% of their combined stake in TBO Tek Ltd through a block deal valued at approximately Rs 400 crore. The offer floor price is set at Rs 1,180 per share, a 7% discount to the current market price. TBO Tek, a travel technology company, has been expanding its ancillary services to align with changing consumer travel preferences focused on experience-driven spending.
20Mar 25
TBO Tek Shares Set for Block Deal: Overseas Entities to Offload 3.1% Stake
TBO Tek Ltd's overseas entities, Augusta TBO Singapore Pte Ltd. and TBO Korea Holdings Ltd., are set to sell up to 3.4 million shares (3.1% stake) in a block deal. The estimated deal value is Rs 400.00 crore ($46.30 million) with a floor price of Rs 1,180.00 per share, representing a 6% discount to the latest closing price. The sellers will be subject to a 30-day lock-up period for their remaining stakes.
19Feb 25
TBO Tek Launches TravelBytes App Amid Strong Q3 Performance
TBO Tek Limited has launched TravelBytes, a mobile app for travel agents, while reporting robust Q3 FY25 results. The company's Gross Transaction Value increased by 26.2% to Rs. 7,166 crore, with revenue from operations up 29.2% to Rs. 422.2 crore. The Hotels and Ancillaries segment grew by 48% year-over-year. TBO Tek expanded its international presence, particularly in Europe, Latin America, and the Middle East. The company's active agent base grew by 10%, with a 24% increase in international agents. TBO Tek is also focusing on AI integration and geographic expansion, having entered 15 new countries and 40 new cities.
TBO Tek
1,450.00
+4.60
(+0.32%)
1 Year Returns:-11.44%
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