SBI MF buys additional 4% stake in Urban Company; Wellington Management, DF International exit

Bulk deals on March 17

• SBI MF buys additional 4% stake in Urban Company
• Wellington Management, DF International exit Urban Company
• ABG Capital offloads 1.2% stake in Urban Company

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SBI Mutual Fund has acquired additional 4 percent equity stake in Urban Company, the tech-driven platform providing home services, for Rs 632 crore, while Wellington Management Company, and DF International Partners exited the company via open market transactions on March 17.

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

SBI Mutual Fund has bought additional 3.5 crore equity shares at Rs 109.85 per share, and 2.2 crore shares at Rs 109.83 per share, totalling to 3.98 percent stake valued at Rs 632.2 crore.

The fund house already held 1.89 percent shareholding in the home, beauty, and wellness services provider as of December 2025.

However, ABG Capital, which held 1.36 percent stake as of December 2025, offloaded 1.74 crore shares (1.2 percent 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 percent stake) at 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, totalling to 2.2 percent stake worth Rs 349.2 crore.

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

In current month so far, the promoter offloaded 2.29 percent stake in Filatex Fashions, the textile company.

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 percent to Rs 8.46 on the National Stock Exchange.