Informative

Nazara Gets Shareholders Nod To Raise INR 495 Cr Via Preferential Issue

Update / Judgement Date

18 Feb 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

SEBI & SCRAStart-Up & DPIIT

Nazara Technologies has received shareholder approval to raise INR 495 crore via a preferential issue. This funding will likely be used to support Nazara's growth initiatives and strategic acquisitions. The preferential issue allows Nazara to raise capital from select investors. This funding round reflects investor confidence in Nazara's business prospects.

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Nazara Gets Shareholders Nod To Raise INR 495 Cr Via Preferential Issue

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