Nazara raises ₹733.5 crore to fund acquisitions and AI-led game development
Nazara Technologies is raising ₹733.5 crore through a preferential equity issue, led by incoming CEO Raymond Stauffer’s ₹583 crore investment. The gaming company plans to deploy the capital toward acquisitions, growth in existing businesses, owned IP, AI-enabled game development and operating capabilities.
Nazara Technologies will raise ₹733.5 crore through a preferential equity issue, led by incoming CEO Raymond Stauffer, to strengthen its balance sheet and fund acquisitions, existing-business growth, owned IP, AI-enabled game development and operating capabilities.
Why this matters
The funding follows Nazara’s recent signals on a ₹733.5 crore preferential issue, including approval of the issue and Raymond Stauffer’s planned ₹583 crore investment, sharpening its push into acquisitions and AI-led gaming.
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