India, July 29 -- In the run up to the media-focussed SaaS company Amagi filing its draft IPO papers, its cofounders bought back 3.5 Mn equity shares at INR 25 apiece from existing investors Accel, Norwest Venture, Premji Invest, among others. Overall, they bought shares worth INR 8.77 Cr.

As per the share purchase agreements signed on July 21, Vinculum Advisors LLP, set up by Amagi cofounders Baskar Subramanian, Srividhya Srinivasan, and Srinivasan KA, bought back the company's shares from the investors in the run up to filing the draft red herring prospectus (DRHP).

On July 22, the LLP, which is a part of the company's promoter group, bought shares worth INR 3.3 Cr from Premji Invest, shares worth about INR 2 Cr from Accel and 7.16 La...