Acquisitions11 Jun 2025, 07:00 pm
Axana Estates LLP, Plutus Wealth Management LLP Acquiring 26.00% Stake in Nazara Technologies Ltd for ₹ 990.00 per Share
AI Summary
Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited are making an open offer to acquire up to 2,40,82,567 Equity Shares of Nazara Technologies Ltd, representing 26.00% of the fully diluted equity shares capital. The offer price is set at ₹ 990.00 per fully paid Share. The offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments.
Key Highlights
- Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited are acquiring a 26.00% stake in Nazara Technologies Ltd.
- The offer price is set at ₹ 990.00 per fully paid Share.
- The offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments.
- The offer is not conditional upon a minimum level of acceptance and is not a competing offer.
- The approval of the Competition Commission of India was received on May 20, 2025.