Corporate News     10-Jul-23
Board of Nazara Technologies approves increase in authorised share capital and fund raising
At meeting held on 10 July 2023
The Board of Nazara Technologies at its meeting held on 10 July 2023 has approved increase in authorised share capital from Rs 30 crore to Rs 50 crore and corresponding amendments to the Clause V of the Memorandum and Articles of Association of the Company subject to the approval of shareholders.

The board also approved raising of funds by way of issuance of such number of equity shares having face value of Rs. 4 each of the Company (equity shares) and/or any other equity linked instruments/securities or any combination thereof, for an aggregate amount not exceeding Rs. 750 crore through one or more qualified institutional placements or preferential allotment or through combination thereof or any other permissible mode, as may be considered appropriate.

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