Nazara approves ₹733.5 crore preferential issue; incoming CEO to hold 4.67%
Nazara Technologies plans to issue 2.4 crore shares at ₹306 each to six investors, subject to shareholder and regulatory approvals. Incoming CEO Raymond Albaladejo Stauffer would receive 1.91 crore shares and hold a 4.67% post-allotment stake.
Nazara Technologies approved a Rs 733.5 crore preferential equity issue to six investors, with incoming CEO Raymond Albaladejo Stauffer set to own 4.67%. The gaming company also reported weaker June-quarter revenue and an Rs 82 crore net loss.
Why this matters
The capital raise follows Nazara’s reported ₹82.5 crore Q1 loss and founder Nitish Mittersain’s planned exit from the CEO role, linking funding plans with the leadership transition.
Leadership signals are accelerating, up 35000% QoQ.