New Delhi, March 17 -- SBI Mutual Fund has bought a 4% stake in home services marketplace Urban Company through bulk deals executed on Tuesday, CNBC TV-18 reported. The fund house has acquired 3.5 crore shares on the NSE, with each share priced at an average of Rs.109.85 apiece, while it acquired another 2.2 crore shares on the BSE at a price of Rs.109.83 per share.

There were multiple sellers, with Wellington Hadley Harbor AIV Master Investors selling 3.2 crore shares worth Rs.349 crore, while DF International Partners and ABG Capital offloaded about 1.7 crore shares each, as per the report.

The sale followed the end of a six-month lock-in period for pre-IPO investors.

The six-month lock-in period for pre-IPO investors who had investe...