India, Aug. 21 -- Venture capital (VC) firms Accel and AVP (formerly AXA Venture Partners) sold over 1 Cr shares of listed media SaaS startup Amagi in block deals worth cumulatively Rs.587.3 Cr.

As per NSE data, the shares changed hands at Rs.560 apiece, a 3% discount to the stock's closing price on Thursday.

AVP affiliate Trudy Holdings sold 31.7 Lakh shares, while AVP I Fund dumped 18.6 Lakh shares. Meanwhile, two Accel-linked entities, Accel Growth VI Holdings (Mauritius) and Accel India VI (Mauritius), also offloaded 27.3 Lakh shares each.

As of the end of the June quarter, Accel held 11.5% stake in Amagi on a fully diluted basis. Meanwhile, AVP held less than 1% stake through the AVP I Fund entity and 3.3% via Trudy Holdings.

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