Nazara Technologies Limited — Board Meeting, 20-01-2025: Outcome of Board Meeting

Nazara Technologies Limited has announced a board meeting outcome, highlighting key decisions made. The board approved the raising of funds via the issuance of up to 50,00,000 equity shares at an issue price of Rs. 990 each, aggregating Rs. 495 Crores, subject to shareholder approval. They increased the investment limit from Rs. 2931.51 Crores to Rs. 3500 Crores and set an Extraordinary General Meeting for February 13, 2025, to seek necessary approvals. Additionally, the company will acquire IP rights related to the mobile games “CATS: Crash Arena Turbo Stars” and “King of Thieves” from Zeptolab UK for up to USD 7.7 million (~Rs. 66.59 Crores).