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Latest news about TBO Tek

TBO Tek Acquires Classic Vacations for $125 Million, Expanding US Luxury Travel Footprint Oct 02, 2025

TBO Tek Limited has acquired 100% ownership of Classic Vacations, LLC for $125 million through its subsidiary TBO LLC. The deal strengthens TBO Tek's position in the US luxury travel market. Classic Vacations, with over 50 years of experience, serves more than 10,000 travel advisors and specializes in premium travel services. The acquisition was financed through inter-corporate loans, internal accruals, and credit facilities. Classic Vacations will continue to operate independently under CEO Melissa Krueger. This move aligns with TBO Tek's goal to become a leading global travel-tech platform, enhancing its presence in the premium outbound travel market.

TBO Tek Limited Announces Retirement of President-Strategy Anil Berera Oct 01, 2025

TBO Tek Partners with Amadeus South Asia for AI-Driven Travel Marketplace Sep 24, 2025

TBO Tek's Chief Human Resource Officer Ankush Arora Resigns Sep 17, 2025

TBO Tek Expands North American Presence with $125 Million Classic Vacations Acquisition Sep 16, 2025

More news about TBO Tek

15Sept 25

TBO Tek Limited Showcases Global Travel Distribution Prowess at Jefferies 4th India Forum

TBO Tek Limited, a leading B2B travel distribution platform, will showcase its market position and growth at the Jefferies 4th India Forum. The company serves over 50,000 agents across 140 markets, covering 30,000+ destinations. Recent quarterly results show 22% YoY revenue growth to ₹511.00 crores, with GTV reaching ₹8,119.00 crores. TBO has achieved a $1 billion GTV milestone, gone public, and made strategic acquisitions including Bookabed AG and Classic Vacations. The company operates globally, focusing on key markets in Europe, North America, APAC, Latin America, and Africa.

08Sept 25

TBO Tek Shares Soar 8% on US Acquisition, Jefferies Bullish

TBO Tek shares rose over 8% to an intraday high of Rs 1,687.00 following its $125 million acquisition of US-based Classic Vacations. The stock has gained 20% in recent days. The acquisition, completed on September 3, is seen as a strategic move to expand TBO Tek's presence in the North American premium travel market. Jefferies views this positively as part of TBO Tek's roll-up strategy. Out of eight analysts tracking the stock, seven recommend 'Buy' and one suggests 'Hold'. The stock's RSI is at 65, indicating potential for further upside. Recent GST regulation changes are expected to benefit TBO Tek's revenue.

05Sept 25

TBO Tek Expands into US Luxury Travel Market with $125 Million Acquisition of Classic Vacations

TBO Tek Limited is acquiring Classic Vacations for $125 million, marking its entry into the North American luxury travel market. The deal, expected to close in October 2025, will be funded through internal cash reserves and a $70 million term debt from Standard Chartered Bank. Classic Vacations, a B2B2C luxury travel company, reported $475.71 million in gross bookings and $11.2 million operating EBITDA for FY24. The acquisition aims to create synergies by combining TBO Tek's technology platform with Classic Vacations' market presence, resulting in a combined entity with over $600 million in US business from approximately 12,000 buyers.

04Sept 25

TBO Tek Faces RBI Rejection for ₹712.25 Million Third-Party Payment Approval

TBO Tek Limited faces a regulatory challenge as the Reserve Bank of India (RBI) has declined to grant post-facto approval for ₹712.25 million in payments made through third parties. The company, informed by its Authorized Dealer Banker on September 3, 2025, is now evaluating its options to address this compliance issue. TBO Tek assures stakeholders of its commitment to comply with all applicable laws and regulations, and promises to keep Stock Exchanges informed of any material developments.

03Sept 25

TBO Tek to Acquire US-Based Classic Vacations for $125 Million, Expanding Global Luxury Travel Footprint

TBO Tek's subsidiary, TBO LLC, will acquire Classic Vacations LLC for up to $125 million, expanding its global luxury travel market presence. The deal is expected to close by October 2025. Classic Vacations reported net sales of $111.04 million in 2024. TBO Tek will provide an inter-corporate loan of ₹350 crore and a corporate guarantee of up to $77 million to facilitate the acquisition. The move aims to leverage Classic Vacations' strong US market position and TBO's technology platform to enhance services for travel advisors.

07Aug 25

TBO Tek Reports Resilient Q1 FY26 Performance Amid Travel Industry Headwinds

TBO Tek Limited showed resilience in Q1 FY26, reporting growth across key metrics despite travel industry challenges. Gross Transaction Value increased by 2%, revenue grew by 22%, and gross profit rose by 19% year-over-year. The company faced headwinds from geopolitical conflicts and an aviation incident during the peak summer season. TBO Tek continued aggressive investment in international markets, with monthly active agents growing to nearly 11,000 in June. The Middle East showed strong growth, while Europe experienced weakness. Management expects improved operating leverage in the latter half of the year as the investment phase completes by Q4 FY26.

04Aug 25

TBO TEK Reports Q1 Revenue Growth Amid Margin Pressure

TBO Tek, a leading travel technology company, announced its Q1 financial results. Revenue increased by 22% to ₹5.11 billion, while net profit grew by 3.4% to ₹630 million. However, EBITDA declined to ₹740 million, with margins compressing from 18.8% to 14.5%. The hotels and packages segment was the primary revenue driver. The company demonstrated strong top-line growth but faced challenges in maintaining profitability margins.

16Jul 25

TBO Tek Ltd. Shares See Block Trade of 188,674 Units at Rs. 1411 Each

TBO Tek Limited experienced a significant block trade on the National Stock Exchange. 188,674 shares were traded at Rs. 1411.00 per share, totaling Rs. 26.62 crore. The company has recently taken steps to improve shareholder communication, including dispatching letters to shareholders with unregistered email addresses and publishing newspaper advertisements about the electronic dispatch of the Annual Report and AGM Notice.

11Jul 25

TBO Tek Expands European Footprint with New Polish Subsidiary

TBO Tek Limited has established a wholly-owned subsidiary in Poland named TBO Tek Spółka z ograniczoną odpowiedzialnością. The new entity will provide business support services to Tek Travels DMCC, focusing on marketing and promotional activities in the European travel market. The subsidiary has an authorized and issued capital of 100 shares, each valued at 50 Polish Zloty. While officially incorporated, it has not yet commenced operations. This move is part of TBO Tek's strategy to expand its presence in the European travel sector.

23May 25

TBO Tek Reports 26% Profit Surge in Q4, Shares Rally 10%

TBO Tek, a leading travel distribution company, reported strong Q4 results with a 26% year-on-year increase in consolidated net profit to Rs 59.00 crore. Revenue from operations rose 21% to Rs 446.00 crore. For the full fiscal year, Gross Transaction Value exceeded Rs 30,000.00 crore, with international markets growing 43%. The company expanded to 15 new countries, boosting its global presence. Shares rallied 10% following the announcement.

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.