SBI Mutual fund buys stake in Urban company
This transaction held after completion of lock-in period for Pre-IPO shares
SBI Mutual fund has bought equity shares of Urban company aggregating to Rs 632.22 crore, through a series of bulk deals. This transaction held after completion of lock-in period for pre-IPO shares, allowing early shareholders to sell their shares for the first time since the IPO.
SBI Mutual fund purchased 3,50,63,090 shares on the NSE at an average price of Rs 109.85, along with an additional 2,24,93,959 shares on the BSE at Rs 109.83 per share. Whereas, the ABG Capital and DF International Partners II LLC sold 1,74,10,090 and 1,76,53,000 equity shares respectively on NSE. Further, Wellington Hadley Harbor AIV Master Investors (Cayman) III sold 3,17,78,560 shares on the BSE.
Urban Company operates a technology-driven, full-stack online services marketplace for quality driven services and solutions across various home and beauty categories.
