Nazara Tech to Raise ₹733.5 Cr via Preferential Issue

Nazara Technologies Limited announced its Board of Directors has approved a preferential issue to raise up to ₹7,335.03 crore by issuing 2,39,70,676 equity shares at ₹306 per share. The company also plans to increase its authorized share capital from ₹80 crore to ₹90 crore, requiring an amendment to its Memorandum of Association. An Extraordinary General Meeting (EGM) is scheduled for August 30, 2026, to seek shareholder approval for these proposals. The funds raised will be used for general corporate purposes, and the issuance is subject to regulatory and shareholder approvals. Key investors include Mr. Raymond Albaladejo Stauffer, who is also slated to become CEO.