Nazara Technologies Limited, a leading gaming and sports media company, saw its shares surge by 6.68% today, trading at ₹995.40 on strong investor sentiment. This rally came after the company disclosed plans to consider a fundraise through a preferential issue of equity shares or other securities during its board meeting on January 20, 2025.
Key Announcements:
- Fundraising Agenda:
- The board will deliberate on raising funds via the issuance of equity shares or convertible securities, including debentures or warrants, on a preferential basis.
- The proposed fundraising is subject to necessary regulatory, statutory, and shareholder approvals.
- This move aligns with the company’s plans to fuel growth and expand its operational capabilities.
- Trading Window Closure:
- As per SEBI regulations, the trading window for dealing in Nazara’s securities has been closed since January 1, 2025. It will remain closed until 48 hours after the financial results for Q3 FY25 are disclosed.
Recent Developments:
Nazara Technologies has been making strategic moves to strengthen its position in the gaming sector. Recently, its subsidiary Fusebox Games announced a partnership with Banijay Rights to launch interactive fiction games based on Bigg Boss and Big Brother. These games, expected in 2025, will offer immersive gameplay, including live events synchronized with TV broadcasts and support for regional languages, catering to India’s diverse audience.
Terry Lee, CEO of Fusebox Games, highlighted the significance of the collaboration, stating, “This partnership underscores our commitment to delivering compelling, localized interactive fiction games that resonate deeply with audiences.”
Stock Performance:
- Current Price: ₹995.40
- Previous Close: ₹933.05
- Day Range: ₹940.00 – ₹996.00
- Market Cap: ₹84.53B
Nazara Technologies Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Wed, Jan 15 2025
|
₹914.50
|
₹933.05
|
|
|
Tue, Jan 14 2025
|
₹890.60
|
₹900.05
|
|
|
Mon, Jan 13 2025
|
₹950.05
|
₹890.30
|
-7.16%
|
|
Fri, Jan 10 2025
|
₹985.00
|
₹958.95
|
-3.22%
|
|
Thu, Jan 9 2025
|
₹983.25
|
₹990.85
|
|
|
Wed, Jan 8 2025
|
₹1,012.15
|
₹985.30
|
-2.65%
|
|
Tue, Jan 7 2025
|
₹980.05
|
₹1,012.15
|
|
|
Mon, Jan 6 2025
|
₹1,014.10
|
₹981.00
|
-3.26%
|
Nazara’s innovative strategies and fundraise plans have bolstered investor confidence, positioning the company for sustained growth in the gaming sector.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
