Nazara Tech Allots 2.38 Cr Shares via Preferential Issue

Nazara Technologies Limited's Board of Directors approved the allotment of 2,38,81,711 equity shares at an issue price of ₹306 per share via a preferential private placement. The meeting also saw significant management changes, including the re-designation of Mr. Mithun Padam Sacheti to Executive Director, the resignation of Mr. Rohit Sharma as Whole-time Director (effective Jan 2027), and the re-designation of Mr. Nitish Mittersain from Managing Director to Founder and Non-Executive Director. Additionally, Mr. Rakesh Shah resigned as CFO, and Mr. Arun Agrawal was appointed as the new CFO.