TBO Tek share price rises 15% on $125 million deal to acquire this company

The stock settled 15% higher at ₹1,590 apiece on the National Stock Exchange (NSE). Intraday, it advanced as much as 16.31% to ₹1,608 per unit.

TBO to acquire Classic Vacations LLC

In an exchange filing on Tuesday, the company announced that its wholly owned step-down unit TBO LLC has approved the acquisition of 100% ownership interest of Classic Vacations LLC from Phoenix-based investment company, The Najafi Companies, for a consideration of up to $125 million.

The company said that its expansion into serving the premium outbound travel market positions strategically with Classic Vacation’s exclusive business-to-business brand and elite, high-value advisor network.

Ankush Nijhawan, co-founder and joint managing director of TBO, said that the acquisition continues to further the company's strategy to invest in both organic and inorganic growth opportunities.

"As we start working on integrating Classic Vacations with TBO, we will remain open to similar strategic alliances going forward," he said.

"We’re thrilled to bring Classic Vacations into the TBO family – the company’s longstanding delivery of outstanding services has earned the trust of its more than 10,000 travel advisors in the U.S. and their end customers, making them a seamless fit for our vision moving forward in the fast-evolving travel and tourism industry," said Gaurav Bhatnagar, TBO’s cofounder and Jt. Managing Director.

Notably, Classic Vacations had posted a revenue of $111 million and an operating EBITDA of $11.2 million in the financial year ended December 31, 2024.

On the other hand, TBO Tek, in the quarter concluded on June 2025, had reported a 22.17% year-on-year (YoY) increase in consolidated revenue from operations to ₹511.27 crore and 3.36% YoY surge in net profit to ₹62.96 crore.