Nazara Tech Company proposes to issue 1.4 Million Equity Shares to M/s Kamath Associates and M/s NKSquared at a price of Rs 714 per equity share. These equity shares will be locked for a period of 6 months from the date of issue. The news of getting fresh funds of Rs 99.99 crore has seen a good rally in the shares of Najara Tech.
Online gaming and sports company Nazara Technologies on Monday said it plans to raise around Rs 100 crore from Kamath Associates and NKSquared to meet its growth and funding needs.
In its board meeting held on September 4, Nazara has approved the proposal to issue 7,00,280 shares worth Rs 99.99 crore to Kamath Associates and NKSquared, a regulatory filing said. Let us tell you about this news in more detail.
Gaming and sports media platform Nazara today said its board has approved preferential allotment of equity shares to raise up to Rs 100 crore, subject to necessary approvals. The company is proposing to issue 1.4 million equity shares to M/s Kamath Associates and M/s NKsquared at a price of Rs 714 per equity share. These equity shares will be locked for a period of 6 months from the date of issue.
najara tech share
There has been a good rise in the shares of Nazara Tech due to the news of getting a new fund of Rs 99.99 crore. Today i.e. on Monday, the company’s shares were 10 percent higher at Rs 832.70 on BSE. Let us tell you, it had issued shares in the initial public offering (IPO) at a price of Rs 1,101 per share. The stock hit a record high of Rs 1,678 on October 11, 2021. It had hit a low of Rs 475.05 on June 22, 2022.
