Nazara Technologies Raises INR 500 Crore Warrants

Nazara Technologies announced a preferential issue of warrants aggregating INR 500 crores, subject to shareholder and regulatory approvals.
Warrants are priced at INR 260 per share, convertible into equity, with participation from domestic and foreign investors including the Promoter Group.
Proceeds will fund strategic acquisitions including the Bluetile and BestPlay transaction and accelerate growth across existing business verticals.