India, July 14 -- Early backer Augusta TBO (Singapore) Pte Ltd. today offloaded 2.04% stake in listed B2B travel tech platform TBO Tek via open-market transactions.

In a filing with the exchanges, TBO Tek said that Augusta TBO sold 21.8 Lakh shares of the company without disclosing the size of the deal. However, as per the stock's last closing price of Rs.1,500.3, the total size of the transaction could likely be around Rs.327.5 Cr.

With this, the investor's shareholding in the listed company has now dwindled to 3.5% (or 37.4 Lakh shares) from 5.54% earlier. There was no clarity on who lapped up the shares.

This comes more than a year after Augusta TBO (Singapore) Pte Ltd sold 46.29 Lakh shares in the listed travel tech platform for Rs...