Mumbai: Nazara Technologies Limited has announced a preferential issue of warrants by Nazara Technologies aggregating to ₹500 crores, subject to shareholder and regulatory approvals.
The preferential issue of warrants marks a significant capital infusion aimed at strengthening the company’s expansion strategy and reinforcing investor confidence.
Under the terms, each warrant will be convertible into one equity share at an issue price of ₹260 per share.
This pricing represents a premium over the current market price, underscoring strong investor confidence in Nazara’s long-term growth trajectory and strategic direction.
The preferential issue of warrants has attracted participation from prominent investors, including Riambel Capital PCC, S Gupta Family Investments, Plutus Investment and Holding Private Limited (Promoter Group), Classic Enterprises, and Founders Collective.
Participation from the Promoter Group in the preferential issue of warrants at the same issue price further highlights strong internal alignment and sustained confidence in the company’s long-term growth roadmap.
Preferential Issue of Warrants Proceeds Deployment Towards Strategic Acquisitions and Expansion
Nazara Technologies stated that proceeds from the preferential issue of warrants will primarily be deployed towards strategic acquisitions and expansion initiatives.
This includes funding for the recently announced acquisitions of Bluetile and BestPlay, along with accelerating growth across its existing business verticals.
Nitish Mittersain, Joint Managing Director & CEO of Nazara Technologies, said, “This ₹500 crore fundraise comes at an important phase in Nazara’s journey as we execute on our most ambitious growth initiatives, including the Bluetile and BestPlay acquisition.
This fresh capital, combined with our acquisition strategy, positions Nazara to build globally scalable, AI-enabled gaming businesses and further strengthen our leadership in the sector.”
The preferential issue of warrants reinforces Nazara’s strategic focus on scaling its gaming ecosystem while leveraging acquisitions and technology-led innovation to expand its global footprint.
