Nazara Technologies Limited informs the Exchange regarding 'Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015'.
NAZARA · price
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Nazara Technologies is updating the stock exchanges on its earlier-approved preferential issue of 50 lakh equity shares (face value ₹4) at ₹990 per share, aggregating to ₹495 crores, to Axana Estates LLP. The Board had approved this on January 20, 2025, and shareholders cleared it at the EGM on February 13, 2025. The company has now filed a follow-up addendum (dated April 30, 2025) from its registered valuer confirming that the control premium applicable to the issue is Nil, in line with SEBI's ICDR Regulations. This clarification was provided in response to queries raised by NSE while reviewing Nazara's application for in-principle approval under Regulation 28(1) of the LODR Rules. The valuation report and both addendums have been hosted on Nazara's website.
This is a procedural regulatory update and not a new business event — no fresh capital is being raised here, but it brings the ₹495 crore preferential issue closer to completion by addressing NSE's valuation queries. Shareholders should expect a likely change in the shareholding pattern once the issue is cleared, with Axana Estates LLP becoming a significant new shareholder.