India, March 22 -- Update | March 22, 11:00 AM

Augusta TBO (Singapore) Pte Ltd and TBO Korea Holdings Ltd dumped over 70 Lakh shares of B2B travel tech company TBO Tek, representing a 6.8% stake in the company, for INR 870 Cr via bulk deals.

According to the bulk deal data available with the stock exchanges, the shares were sold at an average price of INR 1,200.02 apiece, a discount of 5.5% from the stock's last close.

While Augusta TBO sold 46.29 Lakh shares in TBO Tek worth INR 555.6 Cr, TBO Korea Holdings offloaded 26.20 Lakh shares worth INR 314.4 Cr.

Some of the offloaded shares were purchased by SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF. While Nippon India MF acquired 28.11 Lakh shares, SBI MF and ICICI Prud...