Nazara To Raise ₹733 Cr Via Preferential Issue To Fund Acquisitions, Growth

by · Inc42

SUMMARY

  • Nazara Technologies has approved raising up to ₹733.5 Cr through a preferential issue of equity shares to fund strategic acquisitions
  • The company’s board approved issuing up to 2.39 Cr equity shares at ₹306 apiece, aggregating up to ₹733.5 Cr
  • The preferential issue will be entirely subscribed by the founders and senior leadership team of Bluetile Games and BestPlay Systems, which Nazara acquired earlier this year