Nazara Technologies announces open offer at Rs 990/share, valuing 26% stake at Rs 2,382 crore

Nazara Technologies Ltd, a leading diversified gaming and sports media platform, has announced an open offer for up to 26% of its equity shares. This open offer, triggered by its preferential allotment, is being made by acquirers Axana Estates LLP and Plutus Wealth Management LLP.

The open offer price is set at ₹990 per share, valuing the 26% stake at an impressive ₹2,382 crore. The development is a significant move in the Indian gaming industry, highlighting the growing interest in the sector.

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Key Highlights of the Open Offer:

  • Offer Size: Up to 26% of the equity share capital of Nazara Technologies.
  • Offer Price: ₹990 per share.
  • Total Valuation: ₹2,382 crore for the offered stake.
  • Acquirers: Axana Estates LLP and Plutus Wealth Management LLP.
  • Purpose: The open offer is part of a strategic investment plan following the ₹495 crore preferential allotment.

The open offer reflects the acquirers’ confidence in Nazara’s long-term growth potential. With the gaming sector witnessing rapid expansion in India, this transaction positions Nazara Technologies for enhanced growth and operational capabilities. The funds raised through the allotment and the offer will likely fuel Nazara’s expansion in gaming and e-sports