Nazara Technologies Limited — Others, 10-02-2025: Corrigendum

Nazara Technologies Limited has announced a board meeting on February 13, 2025, for an Extra-ordinary General Meeting (EGM) to address a preferential issue of 50,00,000 equity shares to Axana Estates LLP at an issue price of Rs. 990 per share, totaling Rs. 495 crore. This move may lead to a change in control within the company but retains the existing management.

The addition of an addendum clarifies the earlier EGM notice and responds to queries from the National Stock Exchange. This strategic step aims to bolster shareholder value, with a positive outlook on the potential capital raise, despite concerns regarding control shifts. Shareholders should consider the long-term growth prospects and assess any adjustments in voting patterns or ownership structures.