Gaming firm Nazara Tech to raise Rs 500 crore via warrants

Gaming firm Nazara Tech to raise Rs 500 crore via warrants

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.

Nazara Technologies raises ₹500 crore through preferential issue of warrants

Nazara Technologies raises ₹500 crore via warrants to fund strategic acquisitions and accelerate growth in gaming and sports media.

Nazara Tech to raise Rs 500 crore for its global expansion efforts

Nazara's financing comes on heels of announcing the purchase of Spain-based gaming studio Bluetile and rewards-driven gaming platform BestPlay for $100.3 million, its largest acquisition to date.

Nazara Technologies moves to raise Rs 500 crore, subject to approvals

New Delhi: Nazara Technologies has announced a preferential issue of warrants aggregating to Rs 500 crore, subject to shareholder and regulatory approvals. The company stated that each warrant will be convertible into one equity share and will be issued at a price of Rs 260 per share, representing a premium to the current market price. The round has seen participation from Riambel Capital PCC, a SEBI-registered Category I Foreign Portfolio Inves…

Nazara Technologies to raise Rs 500 crore via preferential warrant issue

The gaming company plans to issue warrants at Rs 260 apiece. The round saw participation from Riambel Capital, S Gupta Family Investments, Plutus Investment and Holding, Classic Enterprises, and early- and growth-stage investor Founders Collective. The proceeds will be used for strategic acquisitions and to strengthen its existing business verticals.

IMP Nazara Technologies Raises INR 500 Crores through Preferential Issue of Warrants - Business News Week

Mumbai, March 30. Nazara Technologies Limited (BSE: 543280 | NSE: NAZARA), India’s leading diversified gaming and sports media company, today announced a preferential issue of warrants aggregating to INR 500 crores, subject to shareholder and regulatory approvals. Each warrant is convertible into one equity share and is being issued at a price of INR 260 […] The post IMP Nazara Technologies Raises INR 500 Crores through Preferential Issue of War…