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…

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.