Three investors sell shares worth approximately ₹734 crore in Urban Company through block deals on the stock exchanges, following the expiry of the mandatory lock-in period for pre-IPO shareholders.
Key Highlights
- Three investors offloaded Urban Company shares worth Rs 734 crore through block deals post lock-in expiry.
- Strong institutional demand, led by SBI Mutual Fund, helped support stock despite large stake sale.
The stake sale was carried out by DF International Partners II, ABG Capital, and Wellington Hadley Harbor Aiv Master Investors (Cayman) III, who collectively divested around 4.6% of the company’s equity. Two of these investors exited their holdings entirely as part of the transaction.
The bulk deal coincided with strong institutional interest, with SBI Mutual Fund purchasing shares worth over ₹630 crore, helping support the stock and boosting investor sentiment.
Shares of Urban Company saw heightened trading activity following the transactions, rising as much as 9% intraday amid the buying interest. The stock, however, has faced pressure in recent months and remains below its peak levels post-listing.
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The development highlights a broader trend in the market, where early investors are monetising their holdings after lock-in expiries, increasing supply in listed tech and startup stocks. Analysts note that while such exits may create short-term volatility, strong institutional participation can help stabilise prices.
