Nazara Technologies Limited — Others, 13-02-2025: Monitoring Agency Report

Nazara Technologies Limited has provided the final Monitoring Agency Report for the quarter ending December 31, 2024. The report confirms that the utilization of funds raised through two preferential issues—totaling ₹1,410 crore—is in line with the disclosed objectives, with no deviations noted. Significant allocations include ₹509.99 crore for the first equity share issuance and ₹900 crore for the second issuance. The monitoring agency, ICRA Limited, highlights that net proceeds have been adjusted to ₹502.21 crore due to issue-related expenses. This positive review may bolster investor confidence, suggesting effective capital management and adherence to strategic growth opportunities.