Nazara Technologies Board Approves ₹500 Crore Warrant Issue and Subsidiary Loan
Published on: March 31, 2026, 2:34 a.m. | Source: scanx.trade
Nazara Technologies board has approved a comprehensive fundraising plan including issuance of 1,92,31,000 warrants worth ₹500.01 crore to five identified investors at ₹260 per warrant, along with a ₹4 crore unsecured loan to wholly-owned subsidiary Smaaash Entertainment Private Limited. The warrants carry an 18-month conversion period and will result in 6.57% collective shareholding for the investors upon full conversion.
