Nazara Tech plans ₹733.5 crore preferential issue led by incoming CEO Raymond Stauffer
Nazara Technologies proposes to raise ₹733.5 crore at ₹306 a share, with Raymond Albaladejo Stauffer investing ₹583.5 crore. Subject to shareholder and regulatory approvals, the capital is earmarked for acquisitions, existing-business expansion, owned IP and AI-led gaming capabilities.
Nazara Technologies plans a Rs 733.5 crore preferential equity issue led by incoming CEO Raymond Stauffer. The gaming company will use the capital for acquisitions, expansion of existing businesses, owned IP investments and AI-driven gaming capabilities.
Why this matters
The proposal follows recent Nazara signals on raising ₹733.5 crore for acquisitions and AI-led game development, including a preferential issue to fund gaming expansion.
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