Nazara to Raise ₹733.5 Cr via Preferential Issue

Nazara Technologies Limited announced a preferential issue of equity shares to raise approximately ₹733.5 crore. The shares will be issued at ₹306 per share and subscribed entirely by the founders and senior leadership of Bluetile Games and BestPlay Systems. Notably, incoming CEO Raymond Albaladejo Stauffer will invest approximately ₹583.5 crore. The capital raised will strengthen Nazara's balance sheet and be deployed towards strategic acquisitions, growth initiatives, IP investment, AI-enabled development, and other global gaming strategy opportunities. This move is seen as a significant expression of confidence in Nazara's strategy and future growth.