Nazara Technologies Limited — QIP/Rights/Pref., 20-01-2025: Preferential issue

Nazara Technologies Limited has announced a board meeting to raise up to Rs. 495 Crores through a preferential issue of 5 million equity shares at an issue price of Rs. 990 per share, subject to shareholder approval. Additionally, the company plans to increase its loan and investment limits from Rs. 2931.51 Crores to Rs. 3500 Crores. A significant move includes the acquisition of intellectual property rights for the gaming titles "CATS: Crash Arena Turbo Stars" and "King of Thieves" from Zeptolab UK for approximately Rs. 66.59 Crores in cash, allowing Nazara to take on publishing responsibilities for these successful mobile games. An Extraordinary General Meeting is scheduled for February 13, 2025, to seek necessary approvals.