SBI MF picks up Tiger Global’s stake in Urban Company ahead of IPO; valuing it at around Rs 15,000 crore

Share via:


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

SBI MF picks up Tiger Global’s stake in Urban Company ahead of IPO; valuing it at around Rs 15,000 crore


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Golden Agers Introduces Soul-Enriching Pilgrimage Tour for Senior Citizens...

New Delhi , September 5: Golden Agers, which...

US AI giant Anthropic bars Chinese-owned entities from services

SynopsisThis update prohibits companies or organizations whose ownership...

CarPlay in iOS 26 enables ‘video in the car’,...

Apple is making a major U-turn with CarPlay...

Popular

IPTV Portugal IPTV Portugal IPTV Portugal IPTV Portugal weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes weight loss recipes recipe recipe recipe fsdhgs ffsdgs fgags fgdffs ssd fdsdfg ffdvgfag 432 342 11324 iptv iptv iptv iptv iptv
IPTV IPTV IPTV IPTV IPTV IPTV IPTV IPTV