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Nazara Board Approves ₹733.5 Crore Preferential Share Issue

Nazara Technologies logoNazara Technologies
Sig3.05Sen+4.85Env0.00Soc+0.10Gov+2.05

Nazara Technologies’ board approved a preferential issue of up to 2.39 crore fully paid-up equity shares to raise as much as ₹733.50 crore at an issue price of ₹306 per share. About 1.90 crore shares will be allotted to Raymond Stauffer, who plans to invest nearly ₹583 crore and become CEO from September 1. The company also proposes increasing authorized share capital from ₹80 crore to ₹90 crore.

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