Tech
SBI MF picks up Tiger Global’s stake in Urban Company ahead of IPO; valuing it at around Rs 15,000 crore
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SBI Mutual Fund has scooped up a large chunk of Urban Company shares from Tiger Global in a pre-IPO secondary transaction, paying Rs 103 per share, the upper end of the Gurugram-based at-home services marketplace’s price band for its upcoming listing.
Regulatory filings show multiple SBI MF schemes, including the Midcap Fund, Retirement Benefit Fund (Aggressive and Hybrid plans), Innovative Opportunities Fund and Emergent India Fund, acquired over 24 million shares from Tiger Global’s Internet Fund V Pte Ltd on September 4, valuing the transaction at…
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