Nazara Announces Rs Five Billion Preferential Warrant Issue
Technology

Nazara Announces Rs Five Billion Preferential Warrant Issue

Nazara Technologies Limited has announced a preferential issue of warrants aggregating to Rs five billion (bn), subject to shareholder and regulatory approvals. Each warrant is convertible into one equity share and is being issued at a price of Rs 260 per share, representing a premium to the current market price and reflecting investor confidence in the company's growth strategy. The announcement follows the company's strategic focus on scalable growth and capital efficiency.

The round includes participation from Riambel Capital PCC, a SEBI registered Category one Foreign Portfolio Investor, S Gupta Family Investments, Plutus Investment and Holding Private Limited from the promoter group, Classic Enterprises and Founders Collective. Participation from the promoter group at the issue price reinforces alignment and long-term confidence in the company's approach. Investors cited long-term sector potential and the management's track record when choosing to participate.

The proceeds from the fundraise will primarily support strategic acquisitions, including the recently announced Bluetile and BestPlay transaction, and accelerate growth across the company's existing business verticals. Nazara said the fresh capital combined with its acquisition strategy positions the group to build globally scalable, artificial intelligence enabled gaming businesses and strengthen leadership in the sector. The company intends to deploy the funds in phases while monitoring integration of recent acquisitions.

Nazara is India's only publicly listed gaming company with operations across India, North America and other global markets and businesses that include Curve Games, Kiddopia, Animal Jam, Fusebox Games, World Cricket Championship and Sportskeeda along with offline assets such as Funky Monkeys and Smaaash Entertainment. The company also operates Datawrkz, a digital ad tech business, as it seeks to expand publishing and operating capabilities and invest in intellectual property and product development. Management indicated continued focus on product development and customer engagement to drive monetisation.

Nazara Technologies Limited has announced a preferential issue of warrants aggregating to Rs five billion (bn), subject to shareholder and regulatory approvals. Each warrant is convertible into one equity share and is being issued at a price of Rs 260 per share, representing a premium to the current market price and reflecting investor confidence in the company's growth strategy. The announcement follows the company's strategic focus on scalable growth and capital efficiency. The round includes participation from Riambel Capital PCC, a SEBI registered Category one Foreign Portfolio Investor, S Gupta Family Investments, Plutus Investment and Holding Private Limited from the promoter group, Classic Enterprises and Founders Collective. Participation from the promoter group at the issue price reinforces alignment and long-term confidence in the company's approach. Investors cited long-term sector potential and the management's track record when choosing to participate. The proceeds from the fundraise will primarily support strategic acquisitions, including the recently announced Bluetile and BestPlay transaction, and accelerate growth across the company's existing business verticals. Nazara said the fresh capital combined with its acquisition strategy positions the group to build globally scalable, artificial intelligence enabled gaming businesses and strengthen leadership in the sector. The company intends to deploy the funds in phases while monitoring integration of recent acquisitions. Nazara is India's only publicly listed gaming company with operations across India, North America and other global markets and businesses that include Curve Games, Kiddopia, Animal Jam, Fusebox Games, World Cricket Championship and Sportskeeda along with offline assets such as Funky Monkeys and Smaaash Entertainment. The company also operates Datawrkz, a digital ad tech business, as it seeks to expand publishing and operating capabilities and invest in intellectual property and product development. Management indicated continued focus on product development and customer engagement to drive monetisation.

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