SBI Mutual Fund Boosts Urban Company Stake, Shares Soar 18% After Lock-in Ends

• Urban Company shares surged 18% after SBI Mutual Fund increased its stake via a block deal.
• SBI Mutual Fund acquired approximately 4% of Urban Company's total equity, worth ₹632.2 crore.
• DF International II Fund, Wellington Hadley Harbor, and ABG Capital sold stakes in the block deal.
• The block deal occurred after the 6-month lock-in period for shareholders ended, freeing up 66% of total equity for trading.
• Urban Company, listed last September at ₹103, saw initial gains but later declined due to profitability concerns.