Nazara Technologies raises INR 495 crores from existing investors Arpit Khandelwal and Mithun Sacheti, stake increase to trigger open offer

Nazara Technologies Limited has raised INR 495 crores from existing investors Arpit Khandelwal and Mithun Sacheti through Axana Estates LLP. The investment will result in a preferential issue of equity shares at a price of INR 990 per share, amounting to approximately 5.40% stake. This transaction will trigger a mandatory open offer and reinforce Nazara's vision of becoming a global leader in gaming and digital entertainment. The strategic partnership aims to accelerate organic growth, support strategic acquisitions, and expand into new markets.