Nazara’s board has approved raising over ₹500 Cr via a preferential issue. The company plans to issue up to 1.92 Cr warrants at an issue price of ₹260, a 12% premium from its closing price of ₹232.35 today
While promoter Plutus Wealth Management will participate in the round, other investors like Riambel Capital, S Gupta Family Investments, Classic Enterprises and Founders Collective participated
The company intends to use the proceeds from this fundraise to primarily be…

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