Nazara Technologies discloses allotment of 9,90,450 bonus equity shares by its wholly owned subsidiary Paper Boat Apps Private Limited.
Bonus shares issued in ratio of 93:1 (93 new shares per 1 share held), at face value of ₹10 each.
Post-allotment, Nazara holds 10,01,100 equity shares in PaperBoat, retaining 100% ownership.