Corporate News 07-Sep-23
Board of Nazara Technologies approves preferential allotment of shares up to Rs 510 cr
At meeting held on 07 September 2023
The Board of Nazara Technologies at its meeting held on 07 September 2023 has approved the issuance of 57,42,296 fully paid up equity shares of the Company having face value of Rs. 4/- each in addition to the already approved issuance of upto 14,00,560 fully paid up Equity Shares by the Board of Directors at its meeting held on 04 September 2023, both together aggregating to an amount not exceeding Rs. 510 crore on a preferential basis (preferential issue) to Kamath Associates (7 lakh shares), NK Squared ( 7 lakh shares), SBI Multicap Fund (28 lakh shares), SBI Magnum Global Fund (16.80 lakh shares) and SBI Technology Opportunities Fund (12.60 lakh shares) (scheme of SBI MF).
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