Nazara board approves preferential issue of about Rs 733 crore to 6 investors
NAZARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 2.0 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 Technologies board approved issuing up to 2.39 crore equity shares at Rs 306 each on a preferential basis to 6 identified investors, raising up to Rs 733.5 crore. The biggest allottee is Raymond Albaladejo Stauffer (1.9 crore shares, 4.67 percent post-issue), who will also be appointed CEO from September 1, 2026. Other allottees include Marc Schutze, Maxime Loppin, Alexandre Noirot-Cosson, Alexander Osou and Hugo Blavin. The company will also raise authorised share capital from Rs 80 crore to Rs 90 crore. EGM set for August 30, 2026.
Dilution of 5.87 percent for existing shareholders. New CEO getting 4.67 percent stake signals major leadership change at Nazara.