Listed B2B travel startup TBO Tek's subsidiary Tek Travels DMCC establishes a wholly-owned subsidiary, TBO Tek Spółka z ograniczoną odpowiedzialnością, in Poland for business support services.
TBO Tek Poland, incorporated recently, is aimed at offering marketing and promotional activities to Tek Travels DMCC but has not begun operations yet.
TBO Tek's shares were up 0.93% following the news on the BSE, showcasing a market capitalization of around INR 14,720.16 Cr.
The traveltech firm has been expanding internationally, setting up subsidiaries in multiple countries to bolster its global presence, with recent acquisitions and financial growth in net profit and operating revenue.