Nazara Technologies Limited informs the Exchange regarding Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Allotment of Bonus Equity Shares by Paper Boat Apps Private Limited, a wholly owned subsidiary of the Company.
NAZARA · price
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Nazara Technologies has been allotted 9,90,450 bonus equity shares of face value INR 10 each by its wholly owned subsidiary Paper Boat Apps Private Limited (PaperBoat). The bonus shares were issued in an unusually high ratio of 93:1, meaning 93 new fully paid bonus shares for every 1 share held. After this allotment, Nazara's total holding in PaperBoat stands at 10,01,100 equity shares, continuing to represent 100% of PaperBoat's share capital. This is essentially a capitalization of PaperBoat's reserves into share capital and does not change Nazara's ownership percentage in the subsidiary.
This is an internal restructuring at the subsidiary level with no direct impact on Nazara's shareholders — ownership stays at 100% and no new shares of Nazara are issued. It may marginally increase the book value of Nazara's investment in PaperBoat but is unlikely to move the stock price on its own.