Nazara Technologies, a leading diversified gaming and sports media company in India, has announced a preferential issue of warrants amounting to ₹500 crores. This move is subject to shareholder and regulatory approvals. Each warrant is convertible into one equity share and is priced at ₹260 per share, a premium to the current market price, indicating strong investor confidence in Nazara’s growth strategy.
The fundraising round has seen participation from several key investors, including Riambel Capital PCC, a SEBI-registered Category I Foreign Portfolio Investor, S Gupta Family Investments, Plutus Investment and Holding Private Limited (Promoter Group), Classic Enterprises, and Founders Collective. The involvement of the Promoter Group at the issue price further underscores their alignment and long-term confidence in the company’s growth trajectory.
The proceeds from this fundraise will be primarily utilised to support strategic acquisitions, such as the recently announced Bluetile and BestPlay transaction, and to accelerate growth across Nazara’s existing business verticals.
Nitish Mittersain, Joint Managing Director and CEO of Nazara Technologies, commented on the development, stating, “This ₹500 crore fundraise comes at an important phase in Nazara’s journey as we execute on our most ambitious growth initiatives, including the Bluetile and BestPlay acquisition. This fresh capital, combined with our acquisition strategy, positions Nazara to build globally scalable, AI-enabled gaming businesses and further strengthen our leadership in the sector.”
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).