Key facts
- Nazara Technologies approved preferential allotment of over 1.82 crore warrants.
- Warrants are convertible into equity shares.
- Company received Rs 118.50 crore as upfront subscription amount.
- Riambel Capital PCC-RCC1, S Gupta Family Enterprises, Founders Collective Fund, and Plutus Investments and Holding are among the allottees.
Nazara Technologies has announced the approval of a preferential allotment of more than 1.82 crore warrants. These warrants carry the potential to be converted into equity shares of the company. As part of this transaction, Nazara Technologies has secured an upfront subscription payment totaling Rs 118.50 crore. The investors participating in this allotment include Riambel Capital PCC-RCC1, S Gupta Family Enterprises, Founders Collective Fund, and Plutus Investments and Holding.