Nazara Technologies Limited informs the Exchange regarding a press release dated March 30, 2026, titled "Nazara raises INR 500 crores through Preferential Issue of Warrants".
NAZARA · price
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Nazara Technologies is raising INR 500 crores through a preferential issue of warrants, each convertible into one equity share at INR 260 per share, priced at a premium to the current market price. The round includes participation from Riambel Capital PCC (a SEBI-registered Category I FPI), S Gupta Family Investments, Founders Collective, Classic Enterprises, and the Promoter Group via Plutus Investment and Holding. Promoter participation at the issue price signals strong alignment with long-term growth. The funds will primarily support strategic acquisitions including the recently announced Bluetile and BestPlay transaction, and accelerate growth across existing gaming and sports media verticals.
Positive for shareholders — demonstrates strong institutional and promoter confidence, and provides growth capital for acquisitions. However, future conversion of warrants into equity shares may lead to dilution, which investors should keep in mind.