Board Approval and Transaction Details
The Board of Directors of Nazara Technologies Limited approved the allotment of warrants through a resolution passed by circulation on June 04, 2026. The company has allotted 1,82,31,000 (One Crore Eighty Two Lakhs Thirty One Thousand) warrants, each convertible into 1 fully paid-up equity share of face value ₹2 each.
The warrants were issued at a price of ₹260 per warrant (including a premium of ₹258), raising a total initial subscription amount of ₹118,50,15,000 (One Hundred Eighteen Crore Fifty Lakh Fifteen Thousand), representing 25% of the total warrant issue price.
Allottee Details
| Allottee Name | Warrants Allotted | Subscription Amount (₹) |
| Riambel Capital PCC-RCC1 | 94,85,000 | 61,65,25,000 |
| S Gupta Family Enterprises Private Limited (formerly S Gupta Family Investments Private Limited) | 40,00,000 | 26,00,00,000 |
| Plutus Investments and Holding Private Limited | 38,46,000 | 24,99,90,000 |
| Founders Collective Fund | 9,00,000 | 5,85,00,000 |
| Total | 1,82,31,000 | 1,18,50,15,000 |
Promoter Group Classification
Plutus Investments and Holding Private Limited (PIHPL) is now classified as a member of the Promoter Group of the company effective from the date of this allotment, as it is associated with certain existing promoters and members of the promoter group.
Reduction in Allotment
One proposed allottee who was intended to receive 10,00,000 warrants (aggregating ₹26,00,00,000) became ineligible prior to the allotment date in terms of Chapter V of the SEBI ICDR Regulations. Consequently, the total number of warrants allotted was reduced by this amount compared to the original proposal.
Conversion Terms
Warrant holders can exercise their warrants in one or more tranches at any time on or before the expiry of 18 months from the date of allotment (June 04, 2026). Conversion requires payment of the remaining 75% of the warrant issue price for the warrants being converted.