Secondary Issues

Gaming co. Nazara raises Rs.220-Cr from SBI Mutual Fund

Inc 42  

Gaming major Nazara Technologies has raised INR 220 crore from the asset management company SBI Mutual Fund. Nazara would issue 23.05 lakh equity shares at INR 954.27 apiece, translating to a fund infusion of INR 219.99 crore.With this capital infusion, facilitated by SBI’s Innovative Opportunities Fund, Nazara aims to bolster its expansion and growth efforts.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.