Choice Capital Advisors Private Ltd has submitted to the Exchange a copy of open offer
NAZARA · price
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Awaiting price reaction for this filing.
Axana Estates LLP and Plutus Wealth Management LLP, along with Junomoneta Finsol Pvt Ltd (PAC), have issued a Letter of Offer to buy up to 2.40 crore equity shares (26% of voting capital) of Nazara Technologies from public shareholders at ₹990 per share, totaling about ₹2,384 crore. This is a mandatory open offer triggered by Acquirer 1's proposed preferential allotment of 50 lakh shares (5.40% stake) at the same ₹990 price, worth ₹495 crore. The Competition Commission of India (CCI) has already approved the deal on May 20, 2025. The tendering window runs from June 19, 2025 to July 2, 2025. Post-completion, the Acquirers, PAC, and deemed PACs will collectively hold 27.15% of Nazara, while existing promoters plus the new group will hold 61.48%.
Shareholders can tender shares during the June 19 to July 2, 2025 window to exit at ₹990 per share in cash. The offer is not conditional on minimum acceptance, and the price could be revised upward if the acquirers buy shares at a higher price before tendering closes. The deal brings new strategic partners into Nazara with a stated focus on accelerating growth, acquisitions, and market expansion.