StockWatch
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Digital Entertainment
Board Meeting6 Aug 2026, 02:08 pm

Nazara Tech Board Approves ₹733.5 Cr Preferential Issue

AI Summary

Nazara Technologies Limited's Board of Directors, in a meeting held on August 06, 2026, approved a preferential issue of up to 2,39,70,676 equity shares at ₹306 per share, aggregating to ₹7,33,50,26,856. The company also proposed to increase its authorized share capital from ₹80 crore to ₹90 crore. An Extraordinary General Meeting (EGM) has been scheduled for August 30, 2026, to seek shareholder approval for these proposals. The preferential issue is subject to regulatory and shareholder approvals.

Key Highlights

  • Nazara Tech to raise ₹733.5 crore via preferential issue.
  • Issue price set at ₹306 per equity share.
  • Authorized share capital to increase from ₹80 crore to ₹90 crore.
  • EGM scheduled for August 30, 2026, for shareholder approval.
  • Fundraising subject to regulatory and shareholder consent.