Nazara Technologies approved the preferential allotment of over 1.82 crore warrants convertible into equity shares. The company received an upfront subscription amount of Rs 118.50 crore from investors including Riambel Capital PCC-RCC1, S Gupta Family Enterprises, Founders Collective Fund, and Plutus Investments and Holding.
This transaction provides Nazara Technologies with significant capital infusion, which could be used for expansion, acquisitions, or debt reduction, potentially impacting its future growth trajectory and shareholder value.
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.
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