MUMBAI: Online gaming company Nazara Technologies has raised Rs 3.15 billion through a preferential allotment of equity shares to two institutional investors.
The Rakesh Jhunjhunwala-backed gaming firm issued 1.42 million shares to Gamnat Pte and Plutus Wealth Management at Rs 2,206 per share, a discount of 16% to the company’s price on Wednesday.
This infusion of fresh funds will be utilised to invest in growth initiatives as well as pursue strategic acquisitions in various business verticals of the company, Nazara Tech said.
The India-based gaming and sports media platform is known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.
