Nazara Technologies to raise Rs 900 crore in its biggest fundraise; acquires additional stake in Absolute Sports

Listed gaming and media firm Nazara Technologies on Wednesday said its board of directors has approved a preferential equity issue to raise Rs 900 crore from a group of investors including SBI Mutual Fund in its largest fundraise till date.

The firm plans to issue about 9.43 million shares at a price of Rs 954.27 each, the Mumbai-based company said in stock exchange filing.

Related News
Nazara plans 20 startup bets in 2020
22 Nov 2019
Nazara’s Nextwave partners Cricket Australia to build cricket league mobile games
September, 17th, 2018
Buy Nazara Technologies; target of Rs 1080