Nazara to raise up to Rs 733.5 cr via preferential issue 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 board approved a preferential issue of up to 2.39 crore equity shares at Rs 306 per share to raise up to Rs 733.5 crores from 6 identified investors. The largest allottee is Raymond Albaladejo Stauffer (1.9 crore shares), who is being appointed as CEO from September 1, 2026. Post-issue, these 6 investors will hold 5.87% of the company. Authorized share capital will rise from Rs 80 cr to Rs 90 cr. EGM is on August 30, 2026, subject to shareholder approval.
Dilution of about 5.87% for existing shareholders. New CEO takes a big stake, aligning management interest with company growth.