Urban Company Share Price Surges 8% Following SBI Mutual Fund's Strategic Stake Acquisition

Urban Company Share Price Jumps 9% Following Significant Bulk Deals

Urban Company (BSE: ₹119.55) saw its share price surge nearly 9% in early trade on Wednesday, following significant bulk deals in the previous session. The stock rallied as much as 8.83% on the BSE.

Notable Transactions

• SBI Mutual Fund acquired an additional 3.5 crore equity shares of Urban Company at ₹109.85 per share and 2.25 crore shares at ₹109.83 per share, with a total transaction value of ₹632.21 crore.
• ABG Capital sold 1.74 crore Urban Company shares at ₹109.85 per share for ₹191.2 crore.
• DF International Partners II sold its entire 1.76 crore shares, or 1.22% equity stake, for ₹193.9 crore.
• Wellington Management Company-owned private equity vehicle, Wellington Hadley Harbor AIV Master Investors (Cayman) III, offloaded 1.58 crore shares of Urban Company each at ₹109.93 and ₹109.86 per share, amounting to a 2.2% stake worth ₹349.2 crore.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Share Price Performance

• Urban Company share price declined 1% in one month and has fallen 10% on a year-to-date (YTD) basis.
• Over the past three months, Urban Company stock price dropped 3%, while it fell 30% in six months.
• The company made a stellar debut in the Indian stock market on September 17, with shares listed at ₹161 on BSE, a premium of 56% over its issue price of ₹103 per share.