SBI Mutual Fund has increased its equity stake in Urban Company to 8.84%, following a significant open market purchase of nearly 35 million shares. The acquisition, executed on August 13, 2026, adds 2.27% to the fund’s previous holding, marking a substantial accumulation of shares in the home services platform.

The purchase was made through SBI Funds Management Limited, which reported the transaction to the company and stock exchanges pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure follows a previous filing in March 2026, where the fund’s holding stood at approximately 6.55%.

Acquisition Details

The mutual fund acquired 3,49,56,841 shares carrying voting rights. This addition pushes the total number of shares held by SBI Mutual Fund across its various schemes to 13,63,68,500. The total paid-up share capital of Urban Company remains unchanged at ₹1,54,21,80,603, consisting of 1,54,21,80,603 equity shares with a face value of ₹1 each.

Regulatory Context

The disclosure was filed on August 14, 2026, by Vinaya Datar, Chief Compliance Officer and Company Secretary at SBI Funds Management Limited. The letter was addressed to Sonali Singh, Company Secretary and Compliance Officer at Urban Company Limited, located in New Delhi.

Copies of the disclosure were sent to the National Stock Exchange of India Limited and BSE Limited. The trustee for the fund is SBI Mutual Fund Trustee Company Private Limited. No encumbrances, pledges, or convertible securities were involved in this transaction, and there were no changes in voting rights other than those carried by the shares purchased.

Accel India IV (Mauritius) Limited has sold a significant block of shares in Urban Company , reducing its stake in the listed home services provider. The investor disposed of 2,00,00,000 equity shares through the open market on August 13, 2026.

The sale represents a 1.30% decrease in its total shareholding relative to the company’s total diluted voting capital. Following this transaction, Accel India IV’s holding stands at 7,47,13,868 shares, equating to 4.84% of the total capital. Prior to the sale, the entity held 9,47,13,868 shares, or 6.14% of the company.

Disclosure Details

The transaction was reported to the BSE Limited and National Stock Exchange of India Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure confirms that Accel India IV is not part of the promoter group and that no shares were encumbered with pledges or liens before or after the sale.

The total equity share capital of Urban Company Limited remains at 1,54,21,80,603 shares of face value ₹1/- each, as per the latest publicly disclosed shareholding pattern for the quarter ended June 30, 2026. There were no warrants, convertible securities, or other instruments entitling the seller to receive additional voting rights involved in this transaction.