Nazara allots 9 lakh shares on warrant conversion; Q1 loss Rs 82 cr
NAZARA · price
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On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 3.0 pts more than its Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nazara allotted 9 lakh equity shares at Rs 260 each to Founders Collective Fund on warrant conversion. Q1 FY27 consolidated net loss was Rs 82.47 cr versus Rs 36.42 cr profit YoY; revenue fell to Rs 428.77 cr from Rs 498.77 cr. Loss includes Rs 56.69 cr share of losses from Moonshine associate. Board appointed Raymond Albaladejo Stauffer as new CEO from Sept 1; Nitish Mittersain steps down as CEO but stays as MD. Bluetile-Bestplay acquisition revised to all-cash.
Mild dilution from warrant conversion. Q1 loss of Rs 82 cr and gaming impairments are negatives. CEO transition is neutral.