NEW DELHI: (Mar 18) Shares of Urban Company surged over 13 per cent on the exchanges on Wednesday after SBI Mutual Fund has acquired nearly a 4 per cent stake for Rs 632 crore.
The stock rebounded sharply, surging 13.20 per cent to Rs 124.35 apiece on the BSE and rising 13.01 per cent at Rs 124.43 on the NSE.
The fund house picked up over 5.75 crore shares, or nearly a 4 per cent stake in Urban Company, through bulk and block deals on the BSE and the NSE on Tuesday.
Source: PTI News
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