TBO Tek IPO to open for subscription on May 8, 2024
The initial public offering (IPO) of TBO Tek will open for subscription on May 8 and will close on May 10. The price band for the issue will be announced soon. The company had filed its draft prospectus papers in November last year and received approval for the same earlier this month. The issue includes fresh equity of Rs 400 crore and an offer for sale of up to 1.25 crore shares.
QuadLabs announces new milestone of over 2000 live customers on Konnect.travel
QuadLabs has announced a significant milestone of having successfully onboarded its 2000th custo-mer on Konnect. Travel, marking a momentous achievement in its mission to deliver innovative products to the travel industry by leveraging its cutting-edge technology. Konnect. travel has empowered travel agencies to efficiently manage bookings, payments and client interactions.
Germany witnesses a growth of 32.6% visitors from India
The German National Tourist Office (GNTO) and German Embassy in India successfully concluded a joint press conference, to showcase Germany as a preferred travel destination for Indian travellers. Registering a remarkable growth of 32.6% as compared to 2022, reflects the rising interest among Indian travellers in exploring Germany.
Ladun Investment signs partnership agreement with Cheval Collection
Ladun Investment enters into partnership with Cheval Collection featuring numerous contracts for the construction and operation of Cheval Ladun Living – a tower featuring luxury hotel apartments situated on King Fahd Road in Riyadh. The partnership marks the first project of Cheval Collection in Saudi Arabia featuring 130 residential units of various sizes.
#FirstOpinion
“At the onset of the new financial year 2024-25, we are pleased to announce our international debut in the captivating Kingdom of Nepal with the launch of Fortune Resort &Wellness Spa Bhaktapur. This is a significant milestone in our ‘beyond borders’ expansion strategy, especially as we have envisioned our presence in South Asia and proximal markets. Nepal’s rich cultural tapestry and incomparable natural beauty make it a very attractive destination for global travellers who journey to this enchanting country seeking myriad, spirited experiences. We thus, look forward to playing our part in this dynamic ecosystem.”
Samir MC,
Managing Director, Fortune Hotels
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