Nazara Tech zooms 12% on plan to raise Rs 100 cr
Nazara Tech zooms 12% on plan to raise Rs 100 cr from Nikhil Kamath's firms
The company said it is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared.
Shares of Nazara Technologies hit a 52-week high of Rs 853.25, as they surged 12 per cent on the BSE in Wednesday’s intra-day trade after the company announced plans to raise Rs 100 crore by issuing shares on preferential basis to Nikhil Kamath’s firms.
Nazara, diversified gaming and sports media platform, today said its board has approved preferential allotment of equity shares to raise up to Rs 100 crore, subject to necessary approvals.
The company is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared. These equity shares will be locked in for a period of 6 months from the date of issue.
The company said it is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared.
Shares of Nazara Technologies hit a 52-week high of Rs 853.25, as they surged 12 per cent on the BSE in Wednesday’s intra-day trade after the company announced plans to raise Rs 100 crore by issuing shares on preferential basis to Nikhil Kamath’s firms.
Nazara, diversified gaming and sports media platform, today said its board has approved preferential allotment of equity shares to raise up to Rs 100 crore, subject to necessary approvals.
The company is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared. These equity shares will be locked in for a period of 6 months from the date of issue.