India, Sept. 5 -- Tiger Global offloaded Urban Company's shares worth INR 329.7 Cr via secondary transactions earlier this week, marking one of the largest pre-IPO stake sales this year.

As per an addendum by Urban Company to its RHP, Tiger Global's Internet Fund V offloaded 3.14 Cr shares, representing 2.14% of the company's pre-offer paid-up equity share capital, at a price of INR 103 per share.

The shares were picked up by SBI Mutual Fund schemes, ICICI Prudential funds, and Acrobat Capital Fund I.

Following the share sale, Internet Fund V's holding in Urban Company has declined to 2% (29.4 Cr shares) from 4.14% (60.8 Cr shares) earlier.

Prior to this, Tiger Global's Internet Fund V sold 85.04 Lakh shares to Permira for INR 103 api...