Gaming firm Nazara Tech to raise Rs 500 crore via warrants

Nazara To Raise ₹500 Cr Via Preferential Issue

Gaming major Nazara’s board has approved raising over ₹500 Cr via a preferential issue. The company plans to issue up to 1.92 Cr warrants at an issue price of ₹260, a 12% premium from its closing price of ₹232.35 today. While promoter Plutus Wealth Management will participate in the round, other investors like Riambel Capital, S Gupta Family Investments, Classic Enterprises and Founders Collective will be investing in the company.  The company i…

Gaming firm Nazara Tech to raise Rs 500 crore via warrants

New Delhi, Mar 30 (PTI) Gaming and sports media firm Nazara Technologies on Monday said its board has approved a proposal to raise Rs 500 crore through a preferential issue of warrants.The funds raised through the instrument will mainly support strategic acquisitions, including the recently announced deals for Bluetile and BestPlay, and accelerate growth across the company's existing business verticals.The company will issue up to 1.92 crore (1,…