Choice Capital Advisors Private Limited has Submitted to the Exchange a copy of Pre-Offer Advertisement cum Corrigendum to the detailed public statement cum addendum to the letter of offer of the public shareholders of the Company.
NAZARA · price
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Choice Capital Advisors has filed a Pre-Offer Advertisement cum Corrigendum for an Open Offer to acquire up to 2,40,82,567 equity shares (26% of voting capital) of Nazara Technologies at ₹990 per share in cash, on behalf of Axana Estates LLP, Plutus Wealth Management LLP and Junomoneta Finsol (PAC). The offer size was revised upward by 18,446 shares to comply with SEBI (SAST) Regulation 7(1). Separately, Nazara's board approved a preferential allotment of 50,00,000 shares (5.40%) to Axana Estates LLP at ₹990 per share, aggregating ₹495 crore, which carries no voting rights until the open offer completes. Competition Commission of India approval was received on May 20, 2025, no competing bids emerged, and the Independent Directors Committee found the ₹990 offer price justified. The tendering period is now scheduled from June 19, 2025 to July 2, 2025, with payment and settlement by July 16, 2025.
Public shareholders of Nazara Technologies have a clear window to tender shares at ₹990 each; the revised timeline and confirmed preferential allotment at the same price signal serious intent from the acquirer group, which could lift short-term trading interest around the stock near the tendering window.