Nazara Technologies plans ₹733.5 crore preferential issue to fund gaming growth
Mumbai-based Nazara Technologies plans to raise ₹733.5 crore through a preferential equity issue involving Bluetile Games and BestPlay Systems leaders. The proceeds are earmarked for acquisitions, gaming-business expansion, owned IP and AI-enabled game-development capabilities, subject to approvals.
Nazara Technologies plans to raise ₹733.5 crore through a preferential equity issue to Bluetile Games and BestPlay Systems founders and leaders. Proceeds will fund acquisitions, gaming-business growth, owned IP and AI-enabled game-development capabilities.
Why this matters
The proposed fundraise follows recent signals that Nazara approved a ₹733.5 crore preferential issue and that its incoming CEO is set to hold a 4.67% stake, after the company reported an ₹82.5 crore Q1 loss.
Retail-company signals are accelerating, up 167467% quarter over quarter.