Corporate Action30 Jul 2026, 01:30 pm
Nazara Technologies Allots 1.33 Cr Shares on Warrant Conversion
AI Summary
Nazara Technologies Limited has announced the allotment of 13,331,000 equity shares following the conversion of warrants. These warrants were initially allotted on June 5, 2026, via preferential issue on a private placement basis. The conversion occurred upon receipt of 75% of the warrant issue price, amounting to INR 195 per warrant. The Board of Directors approved this allotment on July 30, 2026. The total conversion amount received is INR 2,59,95,45,000. This allotment increases the company's paid-up equity share capital. The newly allotted shares will rank pari-passu with existing equity shares and are subject to lock-in provisions.
Key Highlights
- 13,331,000 equity shares allotted upon warrant conversion.
- Conversion based on 75% of warrant issue price (INR 195/warrant).
- Total conversion amount received is INR 2,59,95,45,000.
- Paid-up equity share capital increases post-allotment.
- Allotted shares rank pari-passu and are subject to lock-in.
Price Impact
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