StockWatch
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Digital Entertainment
Corporate Action5 Jun 2026, 12:09 pm

Nazara Technologies Allots 1.82 Cr Warrants at ₹260 Each

AI Summary

Nazara Technologies Limited has approved the allotment of 1,82,31,000 warrants on a preferential basis via private placement. Each warrant is convertible into one equity share and was issued at a price of ₹260 per warrant, including a premium of ₹258. The total subscription amount received for these warrants is ₹1,18,50,15,000. Plutus Investments and Holding Private Limited will be classified as part of the Promoter Group post-allotment. Warrant holders can exercise their conversion rights within 18 months.

Key Highlights

  • Allotment of 1.82 Cr warrants approved via preferential issue.
  • Warrants issued at ₹260 each, raising ₹118.5 Cr in subscription.
  • Plutus Investments joins Promoter Group post-allotment.
  • Conversion possible within 18 months from allotment date.