Nazara approves ₹733.5 crore preferential issue; incoming CEO Raymond Stauffer to invest ₹583 crore
Nazara Technologies will issue 2.39 crore shares at ₹306 each, with Raymond Stauffer allotted 1.90 crore shares. The gaming company plans to deploy the capital toward acquisitions, growth in existing businesses, IP, AI-enabled game development and operating capabilities.
Nazara Technologies approved a ₹733.5-crore preferential equity issue, led by incoming CEO Raymond Stauffer’s nearly ₹583-crore investment. The gaming company plans to use proceeds for acquisitions, existing-business growth, IP investments, AI-enabled game development and operating capabilities.
Why this matters
The approval advances Nazara Technologies’ recently reported ₹733.5 crore fundraise for gaming growth and follows signals that incoming CEO Raymond Stauffer would take a 4.67% stake.
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