Two entities sell 5.9% stake in TBO Tek for nearly Rs 935 cr via block deal

Q: How long will it take to read this news story?

The story "Two entities sell 5.9% stake in TBO Tek for nearly Rs 935 cr via block deal" has 490 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Two entities sell 5.9% stake in TBO Tek for nearly Rs 935 cr via block deal" was covered 17 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 284 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24098206</li><li>URL: https://beamstart.com/news/two-entities-sell-59-stake-17332499359143</li></ul>

Business Standard Logo Business Standard 17h ago

Two entities sell 5.9% stake in TBO Tek for nearly Rs 935 cr via block deal - Business Standard

Quick Summary:

According to the bulk deal data available on the BSE, Augusta TBO (Singapore) sold 40.74 lakh shares, while TBO Korea Holdings offloaded 23.05 lakh shares, amounting to a 3.75 per cent and 2.12 per cent stake, respectively, in Gurugram-based TBO Tek.

Augusta TBO (Singapore) and TBO Korea Holdings, two public shareholders of TBO Tek, on Tuesday pared a total of 5.9 per cent stake in the company for nearly Rs 935 crore through open market transactions.

After the stake sale, Augusta TBO's holding in TBO Tek has come down to 9.72 per cent from 13.47 per cent, while TBO Korea Holdings' stakeholding in the company has declined to 5.5 per cent.