New Delhi, March 21 -- SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 per cent stake in travel distribution firm TBO Tek for Rs.537 crore through open market transactions on March 21.

TBO Tek is a technology platform engaged in the business of providing services related to tours and travel. A total of 44.72 lakh shares, or 4.12 per cent stake, in TBO Tek were acquired by the three mutual fund houses in three transactions on the BSE.

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As per the bulk deal data, Nippon India MF acquired 28.11 lakh shares in TBO Tek, SBI MF purchased 8.78 lakh shares, and ICICI Prudential MF picked up 7.83 lakh s...