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SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr

EntrackrEntrackr · 1d ago
SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr
Medial

SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr SBI Mutual Fund picked up an additional 4% stake in Urban Company through bulk and block deals on Tuesday worth Rs 632 crore across the NSE and BSE, which led the company’s shares to soar over 16%. According to bulk and block deal data, SBI Mutual Fund purchased 3.51 crore shares at Rs 109.85 apiece on the NSE and 2.25 crore shares at Rs 109.83 per share on the BSE, which together amounted to around Rs 632 crore. On the selling side, Wellington Hadley Harbor AIV Master Investors, DF International Partners, and ABG Capital offloaded a combined 4.6% stake worth Rs 734 crore, with ABG Capital selling 1.74 crore shares for Rs 191.2 crore, DF International Partners exiting via sale of 1.77 crore shares worth Rs 193.9 crore, and Wellington Hadley Harbor AIV Master Investors (Cayman) III divesting a 2.2% stake through multiple transactions worth Rs 349.2 crore. SBI Mutual Fund held a 1.89% stake in Urban Company as of December 2025, which rose to around 5.9% after the bulk purchases. In Q3 FY26, Urban Company reported a consolidated net loss of Rs 21 crore and an adjusted EBITDA loss of Rs 17 crore, largely due to heavy investment in its InstaHelp vertical, which crossed 50,000 daily bookings within a year of its pilot launch in March 2025. Urban Company’s share is trading at Rs 127.7 per share as of 2:22 PM (today), with a market capitalization of Rs 18,657 crore (around $2 billion).

Bhavish Aggarwal sells Rs 142 Cr Ola Electric shares for second straight session

EntrackrEntrackr · 3m ago
Bhavish Aggarwal sells Rs 142 Cr Ola Electric shares for second straight session
Medial

Bhavish Aggarwal sells Rs 142 Cr Ola Electric shares for second straight session Bhavish Aggarwal, founder and CEO of Ola Electric, sold 4,19,03,706 shares worth around 0.95% of the company’s equity through a bulk deal on the exchanges. The shares were offloaded at Rs 33.96 apiece, making the transaction value close to Rs 142 crore, based on stock exchange disclosures. This is the second consecutive trading session in which Aggarwal has reduced his shareholding in the company. His total share sales have cumulatively reached Rs 234 crore, with Rs 92 crore worth of shares being offloaded in the previous session. Following the bulk deal, Ola Electric stated that Aggarwal has undertaken a one-time and limited monetisation of his personal shareholding to fully repay a promoter-level loan of Rs 260 crore, resulting in the release of all previously pledged 3.93% shares. The company clarified that this transaction has no impact on Ola Electric’s operations, governance, or strategic direction. Despite this, the company’s stock hit an all-time low, ending at Rs 32.80 apiece and valuing the company at a market capitalisation of Rs 14,467 crore. Ola slipped to fourth position in terms of 2W EV Sales for November with its market share shrinking to 7.19%. It registered a 50% month-on-month drop in November, with registrations plunging to 8,254 units from 16,013 in October. For the second quarter of FY26, Ola Electric’s revenue fell 46% to Rs 660 crore, while losses widened to Rs 418 crore.

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