| | AUGUST 20258Bengaluru-based Amagi Media Labs, a provider of broadcast and streaming solutions supported by prominent investors such as Premji Invest, Accel, Norwest Venture, and General Atlantic, has submitted draft documents to the SEBI for raising funds through an initial public offering (IPO). The IPO will consist of a fresh issuance of shares valued at Rs 1,020 crore, alongside an offer-for-sale of 3.4 crore shares from current shareholders.Shareholders selling in the offer-for-sale (OFS) will include investors such as Premji Invest-backed PI Opportunities Fund, Norwest Venture Partners, Accel, Trudy Holdings, and AVP. The individual shareholders - Prem Gupta, Rahul Garg, Rajesh Ramaiah, Rajat Garg, and Kollengode Ramanathan Lakshminarayana - will additionally be selling shares in the OFS.Amagi Media Labs, which offers comprehensive cloud-managed live and on-demand video solutions for TV and OTT, might explore fundraising of up to Rs 204 crore in a pre-IPO round.Promoters own 31.74 percent of the company, while the remaining 68.26 percent of shares are held by public shareholders, including the aforementioned investors.The cloud-focused SaaS technology firm will allocate Rs 667.2 crore from the new issue proceeds for investments in technology and cloud infrastructure. The leftover funds will be allocated for inorganic growth and general corporate needs.Amagi Media Labs has supported more than 400 content providers, over 300 distributors, and over 80 advertisers in over 40 countries as of March 2025. Its clientele consists of international media firms like Vevo, Lionsgate Studios, DAZN, EW Scripps, Sinclair Broadcast Group, VIZIO, Roku, The Trade Desk, JioAds, and the Tennis Channel.Kotak Mahindra Capital Company, Goldman Sachs (India) Securities, IIFL Capital Services, and Avendus Capital have been designated as the book-running lead managers for overseeing the IPO of Amagi Media Labs. AMAGI MEDIA LABS TO RAISE RS 1,020 CROREIN FOCUSDixon Technologies has obtained consent from the Indian government to establish a joint venture (JV) with the Chinese company Longcheer, according to reports. The joint venture will be established between Dixon and Longcheer's subsidiary located in Singapore. Dixon has obtained consent from MEITY to establish a potential joint venture (JV) in India with Longcheer, utilizing an optimal framework mutually decided upon by both parties, ensuring that 74 percent of the overall paid-up share capital of the joint venture company is owned by Dixon and 26 percent by Longcheer.The joint venture will be named Dixtel Infocomm following the conclusion of formal agreements between the two firms.Upon completion of the deal, Dixtel, the suggested joint venture entity, will engage in the production and distribution of smartphones/tablets, true wireless stereo devices, smartwatches, AI PCs, automotive electronics, healthcare devices, and more.In addition to creating products for brands such as Vivo, Xiaomi, Oppo, and Samsung, Longcheer also engages in product design.This partnership will bring several important improvements, especially in Original Design Manufacturer (ODM) skills and will enable the localization of non-semiconductor sub-component production in India.Dixon has been contacting various Chinese firms for collaborative ventures.Dixon Technologies is a premier electronics manufacturing giant, spearheading advancements in consumer electronics and telecommunications. Supported by 24 cutting-edge manufacturing plants, 6 specialized R&D centers, and a vibrant team of more than 35,000 workers, they form the foundation for both international and local brands. Their dedication to technological superiority, high-quality production, and eco-friendly methods establishes them as a reliable ally in driving the future of electronics. DIXON TECHNOLOGIES GETS GOVT APPROVAL FOR JV WITH CHINESE FIRM LONGCHEER IN FOCUS
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