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TBO s Tek Travels acquires Spain s Jumbonline Accommodations & Services - TravelBiz Monitor: India travel news, travel trends, tourism

TBO s Tek Travels acquires Spain s Jumbonline Accommodations & Services - TravelBiz Monitor: India travel news, travel trends, tourism
travelbizmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from travelbizmonitor.com Daily Mail and Mail on Sunday newspapers.

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TBO Tek buys Jumbo s online business to expand global footprint

Gaurav Bhatnagar, co-founder and joint managing director of Tek Travels DMCC, told ET that this acquisition will give the company access to not just Jumbo s clientele but content from across prime destinations in Europe right down to the Caribbean.

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IPO: TBO Tek files draft red herring prospectus with Sebi

Funds will be allocated towards fuelling growth, expanding the network of buyers and suppliers and undertaking acquisitions, according to offer documents. Axis Capital, Goldman Sachs (India) Securities, Jefferies India, and JM Financial are the bankers for the IPO.

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Travel distribution platform TBO Tek files draft papers with Sebi for an IPO

The issue includes fresh equity of Rs 400 crore and an offer for sale of up to 1.56 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel and other selling shareholders TBO Korea, Augusta TBO will offload the shares.

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Affirma Capital scores ninefold return with TBO Tek partial exit

Affirma Capital considers global buyout funds as alternative to IPO for exit strategy

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