Nazara Tech will raise 750 Crores

Nazara Tech will raise money through issuance of equity shares. Nazara Tech will Increase in authorized share capital from Rs. 30 crores to Rs. 50 crores of the Company subject to the approval of shareholders.

Company Inform that “Raising of funds by way of issuance of such number of equity shares having face value of Rs. 4/- each of the Company. Company planned to raise almost Rs. 750 crores through one or more qualified institutional placements or preferential allotment or through combination thereof or any other permissible mode.

The Company seek approval of the shareholders for the increase in authorized share capital, aforesaid issuance of securities and ancillary actions by way of postal ballot process.

Indian Big Bull Rakesh Jhunjhunwala is one of the major shareholder in Nazara Technologies. Rakesh Jhunjhunwala wala hold 65,88,620 Share or 9.96% Stack in the Company.