Acquisitions20 Jan 2025, 07:18 pm
Axana Estates LLP and Plutus Wealth Management LLP to Acquire 26% Stake in Nazara Technologies Limited
AI Summary
Choice Capital Advisors Pvt Ltd, as Manager to the Offer, has submitted a Public Announcement for the acquisition of 2,40,64,121 Equity Shares of Nazara Technologies Limited by Axana Estates LLP and Plutus Wealth Management LLP. The acquisition will be made under Regulations 3(1) and 4 read with Regulations 13(1), 14 and 15(1) of the Securities and Exchange Board of India (Substantial acquisition of Shares and Takeovers) Regulations 2011. The acquisition will result in the Acquirers becoming the promoters of the Target Company.
Key Highlights
- Axana Estates LLP and Plutus Wealth Management LLP to acquire 26% stake in Nazara Technologies Limited.
- The acquisition will be made under Regulations 3(1) and 4 read with Regulations 13(1), 14 and 15(1) of the Securities and Exchange Board of India (Substantial acquisition of Shares and Takeovers) Regulations 2011.
- The acquisition will result in the Acquirers becoming the promoters of the Target Company.
- The Open Offer is for 2,40,64,121 Equity Shares at a price of ₹ 990.00 per share.
- The total consideration payable by the Acquirers and PAC under the Open Offer at the Offer Price will be ₹ 23,82,34,79,790.00.