Nazara Technologies Limited — Important, 17-01-2025: Updates

The Board of Directors of Nazara Technologies Limited has approved the allotment of 20,52,940 fully paid equity shares at a price of Rs. 954.27 each, aggregating to Rs. 1,95,90,59,053.80. The shares were issued on a preferential basis to several allottees, including Bellerive Capital (BCP) 6 Limited and others, in exchange for the acquisition of equity shares in Moonshine Technology Private Limited.

Post-allotment, the company’s paid-up share capital will increase from Rs. 34,20,05,472 to Rs. 35,02,17,232, with a total of 8,75,54,308 equity shares outstanding. The newly allotted shares will be locked in for the prescribed period as per regulations. This strategic move reflects the company’s ongoing efforts to enhance its capital structure, potentially positioning it for future growth.