Nazara Technologies Capital Structure Change
Nazara Technologies revised its preferential issue size to ₹730.78 Crore following the exclusion of an allottee from the previously announced issuance.
- Value
- ₹730.8 Cr
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Nazara Technologies revised its preferential issue size to ₹730.78 Crore following the exclusion of an allottee from the previously announced issuance.
Nazara Technologies' board approved increasing the authorized share capital from Rs. 80 Crore to Rs. 90 Crore, subject to shareholder approval.
Nazara Technologies approved a preferential issue of 2.39 crore equity shares at ₹306 per share. The fundraise aggregates to ₹733.50 Crore from six identified investors.
Nazara Technologies allotted 9,00,000 equity shares upon conversion of warrants to Founders Collective Fund. The conversion generated Rs.17.55 Crore from the remaining warrant subscription.
Nazara Technologies allotted 1,33,31,000 equity shares upon conversion of warrants at an issue price of ₹260 per share. This preferential allotment increases the company's paid-up share capital.
Nazara Technologies allotted 1,33,31,000 equity shares following the conversion of warrants. The total conversion amount received is ₹25.95 Crore.