Amagi Media Labs Limited
HDFC Life Insurance bought 17,85,713 shares of Amagi Media Labs for ₹100.00 Cr at ₹560.00 apiece in a block deal. Trudy Holdings, AVP I Fund and Accel were reportedly planning to sell a combined 5% stake in Amagi Media Labs through a ₹600 crore block deal at a floor price of ₹550 per share.
A cloud-based media technology company, Amagi Media Labs provides broadcast and connected TV solutions to content distributors and broadcasters across the globe. The company operates a software-as-a-service platform that enables video delivery, advertising, monetization, and content management across linear television and streaming channels. Founded in 2008, it serves media companies seeking to modernize their distribution infrastructure and reach audiences efficiently.
HDFC Life Insurance Company Limited, institutional investor in Indian equities