Corporate News 04-Sep-23
Board of Nazara Technologies approves preferential issue of share for Rs 99 cr
At meeting held on 04 September 2023
The Board of Nazara Technologies at its meeting held on 04 September 2023 has approved the issuance of up to 14,00,560 equity shares of face value of Rs 4 each for cash at an issue price of Rs 714 per equity share aggregating to an amount of Rs 99.99 crore to M/s Kamath Associates (Partnership firm represented by its partners Nikhil Kamath and Nithin Kamath) and M/s NKSquared (Partnership firm represented by its partners Nikhil Kamath and Nithin Kamath) (Collectively known as “Investors”), not belonging to the promoter or promoter group of the Company, on a preferential basis.
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