Nazara Gets Shareholders Nod To Raise INR 495 Cr Via Preferential Issue

Nazara Technologies’ shareholders have approved issuing equity shares for cash on a preferential basis to raise INR 495 Cr from Axana Estates

Axana Estates, previously a non-promoter, will become a promoter holding 5.4% of Nazara’s post-issue share capital

The three existing backers will acquire up to 2.4 Cr (2,40,64,121) equity shares at an offer price of INR 990 for a total consideration worth INR 2,382.34 Cr

Nazara Technologies’ shareholders have approved issuing equity shares for cash on a preferential…