Early Backer Augusta TBO Sells 2.04% Stake In TBO Tek

Early backer Augusta TBO (Singapore) Pte Ltd. today offloaded 2.04% stake in listed B2B travel tech platform TBO Tek via open-market transactions. 

In a filing with the exchanges, TBO Tek said that Augusta TBO sold 21.8 Lakh shares of the company without disclosing the size of the deal. However, as per the stock’s last closing price of ₹1,500.3, the total size of the transaction could likely be around ₹327.5 Cr.

With this, the investor’s shareholding in the listed company has now dwindled to 3.5% (or 37.4 Lakh shares) from 5.54% earlier. There was no clarity on who lapped up the shares.

This comes more than a year after Augusta TBO (Singapore) Pte Ltd sold 46.29 Lakh shares in the listed travel tech platform for ₹555.6 Cr. 

The deal comes as investors look to book profits amid a healthy uptick in the listed platform’s shares. The stock has jumped 11.2% in the past month, and 28.2% in the last three months.

This jump has come on the back of a healthy jump in TBO Tek’s top line. The listed travel platform’s operating revenue zoomed 82.6% to ₹814.4 Cr in the fourth quarter (Q4) of the fiscal year 2025-26 (FY26) from ₹446.1 Cr in the year ago quarter. Meanwhile, net profit rose 2% to ₹60.1 Cr during the quarter under review from ₹58.9 Cr in Q4 FY25.

For the full FY26, consolidated net profit rose 6.3% YoY to ₹244.3 Cr, while revenue from operations surged 54% YoY to ₹2,677.4 Cr.

Founded in 2006 by Ankush Nijhawan and Gaurav Bhatnagar, TBO Tek offers a wide range of travel services to travel agents and tour operators, such as hotel reservations, flight bookings, holiday packages, insurance cover, car rentals, among others.

Shares of TBO Tek closed yesterday’s trading session 0.27% lower at 1,500.3 on the BSE.

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