Nazara Technologies receives 9,90,450 bonus shares from subsidiary Paper Boat Apps | Business Upturn

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Nazara Technologies Limited has announced that it has been allotted 9,90,450 bonus equity shares by its wholly owned subsidiary, Paper Boat Apps Private Limited. This allotment, which took place on 25 March 2026, was made in a ratio of 93:1, meaning that 93 new fully paid-up bonus equity shares were issued for every one equity share held.

The bonus shares have a face value of ₹10 each. Following this allotment, Nazara Technologies now holds a total of 10,01,100 equity shares in Paper Boat Apps, maintaining its 100% ownership of the subsidiary’s share capital.

This move is part of Nazara Technologies’ ongoing strategy to consolidate its holdings and strengthen its position in its subsidiary companies. The company continues to focus on enhancing shareholder value through strategic investments and expansions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Arun Bhandari Nazara Technologies Paper Boat Apps