Amagi Media Labs Major Investors Offload 4.8% Stake in 587Cr

Global venture capital firm Accel, along with Trudy Holdings and AVP I Fund, has sold a 4.84% stake in Amagi Media Labs for ₹587.3 crore through open market transactions on August 21. The sellers offloaded a total of 1.04 crore shares at ₹560 apiece in the SaaS company specialising in broadcast and streaming solutions. Accel led the sell-off, disposing of 54.54 lakh shares (2.52% stake) via its Mauritius-based vehicles. Trudy Holdings sold 31.69 lakh shares worth ₹177.46 crore, while AVP I Fund parted with 18.64 lakh shares valued at ₹104.43 crore. SBI Mutual Fund emerged as the largest buyer, picking up 50.89 lakh shares (2.35% stake) for ₹285 crore. HDFC Life Insurance acquired 17.85 lakh shares for nearly ₹100 crore, and ICICI Prudential Mutual Fund bought 9.34 lakh shares for ₹52.32 crore. Other participants included University of Notre Dame, Susquehanna Pacific, BofA Securities, Tata Mutual Fund, Edelweiss Mutual Fund, and Baroda BNP Paribas Mutual Fund. Post-deal, Accel’s combined holding is estimated to have dropped to 9.96% from 12.48%, while Trudy Holdings’ stake fell to about 2.09% from 3.56%.