India, Sept. 3 -- Shares of TBO Tek surged as much as 15.03% to INR 1,591.55 on the BSE during the early trading today after the company announced the acquisition of US-based Classic Vacations from investment firm The Najafi Companies in a deal worth up to $125 Mn yesterday.

The shares were trading 12% higher at INR 1,551.50 apiece at 11:10. The company's market capitalisation stood at INR 16,847.40 Cr(about $1.9 Bn).

Classic Vacations is a luxury travel wholesaler specialising in personalised vacation packages to premier destinations worldwide. Its offerings are tailored primarily to travel advisors.

The acquisition will expand TBO Tek's footprint in North America. Classic Vacations reported a revenue of $111 Mn and an operating EBITD...