Fri Sep 20 13:14:31 UTC 2024: ## Indian Travel Tech Company TBO Tek Expands to Canary Islands
**MUMBAI, INDIA** – TBO Tek Limited, a leading Indian travel technology company, has announced its expansion into the Canary Islands with the incorporation of a new subsidiary, TBO Jumbonline Canarias, S.L.U. Established on September 5, 2024, the subsidiary will operate as a travel agency, following Spanish regulations.
The new entity, fully owned by TBO Tek, represents the company’s strategic move to strengthen its presence in the region. TBO Jumbonline Canarias is incorporated with an authorized and issued capital of 3,000 euros.
TBO Tek stated that the establishment of the subsidiary does not fall under related party transactions and does not require any governmental or regulatory approvals. Although operations have not yet commenced, the move signifies TBO Tek’s commitment to growth in the global travel industry.
Shares of TBO Tek Limited were trading at ₹1,746.50 on the National Stock Exchange (NSE) at 3:10 PM today, up by ₹14.90 or 0.86 percent.
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