Nazara Technologies Approves ₹733.5 Crore Preferential Share Issue at ₹306
Nazara Technologies’ board approved a preferential equity issuance of up to 2,39,70,676 shares at ₹306 each, raising about ₹733.5 crore, and increased authorized share capital from ₹80 crore to ₹90 crore to enable the deal, subject to shareholder approval. The fundraising is meant to support global acquisitions, but will dilute existing shareholders amid a reported Q1 FY27 net loss and upcoming CEO integration.