Indian game poster boy Nazara raises Rs 31.5 billion in first major fundraising campaign

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Nazara Technologies, a diversified gaming and sports media platform, has raised Cl 315 from marquee institutional investors such as Singapore-based sovereign wealth fund GIC and Gamant Pte Ltd, an investment company managed by Ahmedabad-based Plutus Wealth Management.

For this reason, gaming companies will issue 1.43 million shares (14,29,266 shares) with a par value of £4 at a price of £2,206 per share. Gamnat Pte Ltd will acquire 1.1 million shares (equivalent to 3.62% shares of the company) for a total of 259.8 chlor. Balance Rs. 5.55 billion will be invested by Plutus Wealth Management, increasing its stake in Nazara to 6.92%.

Nazra is one of the largest sports-based organizations in India with very popular titles like Motu Patlu sports series, World Cricket Championship series and Chhota Beam sports series. In addition to such games, Nazara also offers skill-based fantasy and trivia games such as HalaPlay and Kunami, along with sports news websites Sportskeeda and Nodwin.

Made a great debut in the public market with a premium of 80.74% in March 2021 £583 – Croyer IPO It has been subscribed 176 times by investors.

Subsequently, the company continues to acquire and acquire. PublishMe-The largest mobile game publishing agency and skill-based gaming company in the Middle East openplay..

The company will continue what it has done and will use this new capital to invest in growth initiatives and make strategic acquisitions across the company’s various industries. All acquisitions it will make will be part of the vast network of “Friends of View” and will work with them to rapidly achieve scale.

“We are grateful to investors for their strong support for Nazara’s strategic vision and ability to meet our defined goals. Such institutional investors are investing in Nazar. It operates rapidly across all business segments,” said Nazara Technologies CEO Will act as a catalyst for Flywheel to organically and inorganically combine shareholder value at core and subsidiary levels, says Manish Agarwal.

Indian game poster boy Nazara raises Rs 31.5 billion in first major fundraising campaign

Source link Indian game poster boy Nazara raises Rs 31.5 billion in its first major fundraising campaign


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