Two overseas investors, Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd, plan to sell up to a 3.1% stake in the B2B travel tech firm TBO Tek.

They aim to raise around 400 crore rupee (US$46.3 million) through multiple block deals.

The floor price for the shares is set at 1,180 rupee (US$13.68), a 7% discount to TBO Tek’s last closing price. A 30-day lock-in period applies to the sellers’ remaining shares.

As of December 2024, Augusta TBO Singapore held a 9.71% stake, while TBO Korea owned 5.5%, according to BSE data.