Acquisitions18 Jun 2025, 04:51 pm
Acquirers Offer to Acquire 26.00% Stake in Nazara Technologies for $990.00 per Share
AI Summary
Choice Capital Advisors Pvt Ltd, on behalf of Axana Estates LLP, Plutus Wealth Management LLP and Junomoneta Finsol Private Limited, has submitted a pre-offer advertisement cum corrigendum to BSE for the acquisition of up to 2,40,82,567 fully paid-up Equity Shares of Nazara Technologies Limited, representing 26.00% of the Total Voting Share Capital of the company. The offer price is $990.00 (Rupees Nine Hundred Ninety only) per equity share, payable in cash. The offer is in accordance with the relevant regulations prescribed in the SEBI (SAST) Regulations and prima facie appear to be justified. The completion of dispatch of the Letter of Offer to all the Public Shareholders of Target Company has been completed.
Key Highlights
- Acquirers offer to acquire 26.00% stake in Nazara Technologies for $990.00 per share
- Offer is in accordance with SEBI (SAST) Regulations and prima facie appear to be justified
- Committee of Independent Directors of Nazara Technologies opines that the offer price is justified
- No competitive bid to this Offer
- Completion of dispatch of the Letter of Offer to all the Public Shareholders of Target Company has been completed