SBI Mutual Fund acquired 35.1 million shares in Urban Company via NSE bulk deals, signaling strong institutional interest in the home services platform. Sellers ABG Capital and DF International Partners II offloaded 17.4 million and 17.7 million shares respectively. This transaction, valued at around Rs 632 crore, coincides with a key lock-up expiry, boosting Urban Company share liquidity.
Urban Company's stock saw significant action on March 17, 2026, as bulk deals reshaped its investor base. The moves highlight ongoing confidence in India's leading tech-enabled home services marketplace post its 2025 IPO.
Deal Overview
SBI Mutual Fund purchased approximately 35.1 million equity shares at an average price of Rs 109.85 on NSE and Rs 109.83 on BSE, securing about 4% stake for Rs 632 crore. This bulk deal reflects bullish sentiment from one of India's largest asset managers toward Urban Company's growth in urban services.
Sellers' Positions
ABG Capital divested 17.4 million shares, while DF International Partners II sold 17.7 million shares through NSE bulk deals. Wellington Hadley Harbor also pared 32 million shares worth Rs 349 crore in related transactions, as investors adjust holdings ahead of potential volatility.
Key Highlights
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SBI Mutual Fund emerges as key buyer, buying at Rs 109-110 per share for Rs 632 crore total
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Total seller volume exceeds 66 million shares from ABG Capital, DF International, Wellington
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Urban Company shares closed at Rs 110.80 on NSE, down 2.15% amid lock-up expiry of 94 crore shares
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Deal boosts free float; stock market cap around Rs 16,000 crore post-IPO listing in September 2025
Sources: NSE data, CNBC TV18, MarketScreener