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Nazara Technologies Reduces Preferential Issue to Rs 730.8 Crore

Nazara Technologies logoNazara Technologies
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Nazara Technologies revised its preferential issue to Rs 730.8 crore from Rs 733.5 crore, cutting the fundraising by Rs 2.72 crore after one proposed investor, Hugo Remy Gaston Blavin, failed to provide required documents within the timeline for listing approval. The board removed him from the allottees. The priced issue is set at Rs 306 per share and is intended to strengthen the balance sheet for acquisitions and expansion.

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