Shares of TBO Tek fell sharply by 7% in early trading on December 3, following a significant block deal. Around 64.34 lakh shares, equivalent to a 5.92% equity stake, were exchanged for ₹951 crore at a price of ₹1,476 per share. This price reflects a 6.6% discount from the previous session’s closing price.
By 10:20 AM, the stock had pared some losses, trading at ₹1,532.05, still down 3% from the previous close.
TBO Tek is a prominent travel distribution platform that connects buyers and suppliers in over 100 countries, offering services in more than 7,500 destinations. Its platform facilitates approximately 33,000 bookings daily.
Since its listing earlier this year in May, TBO Tek’s shares have gained about 9%, highlighting steady investor interest in the travel and tourism segment.
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Source: Moneycontrol
News Desk
