Nazara Gets Shareholders Nod To Raise INR 495 Cr Via Preferential Issue

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SUMMARY

Nazara Technologies’ shareholders have approved issuing equity shares for cash on a preferential basis to raise INR 495 Cr from Axana Estates

Axana Estates, previously a non-promoter, will become a promoter holding 5.4% of Nazara’s post-issue share capital

The three existing backers will acquire up to 2.4 Cr (2,40,64,121) equity shares at an offer price of INR 990 for a total consideration worth INR 2,382.34 Cr

Nazara Technologies’ shareholders have approved issuing equity shares for cash on a preferential…



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Nazara Gets Shareholders Nod To Raise INR 495 Cr Via Preferential Issue


SUMMARY

Nazara Technologies’ shareholders have approved issuing equity shares for cash on a preferential basis to raise INR 495 Cr from Axana Estates

Axana Estates, previously a non-promoter, will become a promoter holding 5.4% of Nazara’s post-issue share capital

The three existing backers will acquire up to 2.4 Cr (2,40,64,121) equity shares at an offer price of INR 990 for a total consideration worth INR 2,382.34 Cr

Nazara Technologies’ shareholders have approved issuing equity shares for cash on a preferential…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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