SBI MF Invests ₹632 Cr as Wellington, DF Exit Urban Company
Big Institutional Shift SBI MF buys 5.76 crore shares worth ₹632 crore at ₹109.85/share March 17. Stake jumps from 1.89% to 5.87%. Signals confidence in home services platform
Early Investors Exit Wellington Management, DF International Partners, ABG Capital collectively sell 4.6% stake worth ₹734 crore post 6-month IPO lock-in expiry March 17
Stock Surges 10% Urban Company shares hit upper circuit, close at ₹121.12 (up 10%). 94.1 crore shares (66% equity) became tradable after lock-in ended Tuesday
Profitability Still Elusive Q3 FY26: Net loss ₹21 crore vs ₹231 crore profit year-ago (one-off tax credit). EBITDA loss ₹17 crore due to InstaHelp vertical investments