Nazara allots 2,38,81,711 shares on preferential basis; board changes announced
Nazara Technologies Ltd · Entertainment
What the filing says
- Allotted 2,38,81,711 equity shares of ₹2 each at ₹306 per share on a preferential basis to five allottees, totalling ₹7,30,78,03,566.
- Nitish Mittersain moves from MD to Non-Executive Director; Mithun Sacheti becomes Executive Director; CFO Rakesh Shah resigns Oct 15, 2026, Arun Agrawal CFO from Oct 16, 2026.
- Up to USD 77.00 Million (~₹742.72 Crores) to go into Nazara UK for Bluetile and Bestplay second tranche; loan conversions of up to ~₹129.35 Crores and GBP 23.00 Million.
Why it's rated notable: the amount is 42% of annual revenue (20% to 50%)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Resignation of Director
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.