Nazara Technologies aims to raise Rs 900 cr through preferential issue of shares | Capital Market News

Nazara Technologies has announced its largest fundraising to boost its growth trajectory. The company’s board has approved the issue of preferential shares to raise Rs 900 crore, subject to shareholder and regulatory approvals. This capital infusion will fuel strategic acquisitions, fund business expansion and enhance the company’s ability to pursue new growth opportunities.

The preferential issue of shares worth Rs 900 crore will be placed with anchor investors such as SBI Mutual Fund, Junomoneta Finsol (an associate company of Plutus Wealth), Think Investments, Discovery Investments, Mithun and Siddharth Sacheti, Cohesion Investments, Chartered Finance and Leasing, Ratnabali Investments and Aamara Capital, further strengthening Nazara’s financial foundation for long-term expansion. These shares will be subject to SEBI regulations and lock-up requirements under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

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