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Accel, 2 others sell nearly 5% stake in Amagi Media Labs for Rs 587 crore

Accel, a leading global venture capital firm, along with two other parties, has divested nearly five percent stake in Amagi Media Labs. They sold over one crore equity shares for Rs 587 crore via open market transactions. Notably, domestic mutual funds and an insurance company were part of the buyer's pool, alongside foreign investors. Following this development, Amagi Media Labs shares surged by 4.57 percent on the NSE.

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Business StandardCenter·1h ago
Accel, two others sell nearly 5% stake in Amagi Media Labs for ₹587 crore
Three entities, including global venture capital firm Accel, on Friday divested nearly a 5 per cent stake in SaaS company Amagi Media Labs for Rs 587 crore through open market transactions. A total of 1,04,88,021 equity shares, representing a 4.85 per cent stake in Bengaluru-based Amagi Media Labs, were offloaded by Trudy Holdings, AVP I Fund and Accel through its affiliates, according to block deal data on the NSE. The shares were disposed of at an average price of Rs 560 apiece, taking the co…
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Accel, 2 others sell nearly 5% stake in Amagi Media Labs for Rs 587 crore

How 2 sources are covering this

Accel, two others sell nearly 5% stake in Amagi Media Labs for ₹587 crore

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