SBI Mutual Fund Increases Stake in Urban Company, While Wellington Management and DF International Exit

SBI Mutual Fund Acquires Additional Stake in Urban Company

SBI Mutual Fund has acquired an additional 4% equity stake in Urban Company, a tech-driven platform providing home services, for Rs 632 crore. The fund house bought 3.5 crore equity shares at Rs 109.85 per share and 2.2 crore shares at Rs 109.83 per share, totaling 3.98% valued at Rs 632.2 crore.

Urban Company shares fell 2.76% to Rs 110.11 amid high volumes, despite a rally in equity markets. The stock has been range-bound in the last four sessions, especially after hitting an all-time low.

SBI Mutual Fund already held 1.89% shareholding in Urban Company as of December 2025. The fund house's latest acquisition brings its total stake to 5.87%.

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

In contrast, ABG Capital offloaded 1.74 crore shares ( 1.2% stake) in Urban Company at Rs 109.85 per share for Rs 191.2 crore. DF International Partners II exited Urban Company by selling all 1.76 crore shares ( 1.22% stake) at the same price for Rs 193.9 crore.

Wellington Management Company-owned private equity vehicle Wellington Hadley Harbor AIV Master Investors (Cayman) III also exited Urban Company by selling 1.58 crore shares each at Rs 109.93 per share and Rs 109.86 per share, totaling 2.2% stake worth Rs 349.2 crore.

Filatex Fashions shares remained in action, closing unchanged at Rs 0.17 compared to the previous level, the all-time low. Promoter Prabhat Sethia sold 6.03 crore shares ( 0.72% stake) at Rs 0.17 per share, valued at Rs 1.02 crore.

In the current month, the promoter has offloaded 2.29% stake in Filatex Fashions, the textile company.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Sangam E-com has acquired 39.6 lakh shares in Akme Fintrade (India) at Rs 8.53 per share for Rs 3.37 crore. The stock rallied 3.93% to Rs 8.46 on the National Stock Exchange.