Nazara Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/03/2026 ,inter alia, to consider and approve the proposal of raising ....
NAZARA · price
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Nazara Technologies has informed BSE and NSE that its Board of Directors will meet on March 30, 2026, to consider and approve a proposal for raising funds. The funds will be raised by issuing equity shares, convertible instruments, or other eligible securities on a preferential basis to one or more persons. The proposal is subject to approvals under the Companies Act 2013 and SEBI's ICDR Regulations, and will also require shareholder approval. The company has closed its trading window for designated persons and connected parties until 48 hours after the board meeting outcome is announced.
If approved, this will lead to dilution of existing shareholders as new equity or convertible securities are issued to selected investors. The size of the dilution and the identity of the allottees will only be known after the board meeting on March 30, 2026, which could influence short-term stock sentiment.