Public Market

Other Deals - Listed Firms

Gaming co. Nazara to raise Rs.500-Cr via warrants

BSE Announcement  

Listed gaming company Nazara Technologies has approved a preferential issue of warrants to raise up to INR 500 crore. Investors include Riambel Capital PCC, S Gupta Family Investments, Plutus Investments and Holding, Classic Enterprises, and Founders Collective. Upon the full conversion of warrants, the participating investors are projected to hold approximately a 6.57% stake in Nazara.Nazara plans to utilize the proceeds from the warrant issue to support strategic acquisitions, specifically Bluetile and BestPlay, and to expand its existing business verticals. This financing follows Nazara's recent acquisition of an initial 50% stake in Spain-based Bluetile Games and BestPlay Systems for approximately USD 100.3 million, aimed at enhancing its global casual and social gaming footprint.Nazara's operating revenue decreased by 24% year-on-year to INR 406 crore in Q3 FY26, while its profit dropped by 36% to INR 9 crore.

Between Oct 2005 and Jan 2025, Nazara Technologies had attracted about USD 407 M from WestBridge, 360 ONE, Rare Enterprises, Plutus Wealth Management, Orchid Asia, GIC, Think Investments and others.For FY25, Nazara Technologies had reported about INR 34 Cr in Operating Income and about INR 28 Cr in PAT.