South African media and technology conglomerate Naspers has sold its majority stake in B2B travel platform Travel Boutique Online (TBO), marking its second strong exit in India in the last three months. Standard Chartered Private Equity, the private equity arm of Standard Chartered Bank, has acquired a 49% stake in Gurgaon-based TBO from Naspers, which has been, till date, the largest and sole institutional investor in the company.