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Gaming co Nazara to raise Rs.250-Cr from Zerodha founders, ICICI Pru, Plutus Wealth

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Listed gaming firm Nazara Technologies has approved preferential allotment of equity shares to raise up to INR 250 crore. The company has proposed to issue up to 28.66 Lakh equity shares at a price of INR 872.15 per equity share, which aggregates to almost INR 250 crore. Of this, shares worth INR 100 crore will be issued to NKSquared and Kamath Associates, two entities of Zerodha cofounders Nikhil and Nithin Kamath. With the latest investment of another INR 100 crore, the stake of the Kamath brothers in the company is expected to increase to about 5%.ICICI Prudential MF and Plutus Wealth are also set to increase their stake in Nazara. While Plutus Wealth is set to infuse INR 50 crore, ICICI Prudential is expected to inject INR 75 crore through its various funds. Chartered Finance & Leasing Ltd would invest INR 25 crore in the company.