Public Market Other Deals - Listed Firms
Sports media co. Nazara raises Rs.495-Cr from Mithun Sacheti, others
Source Entrackr (opens in a new tab)BSE Announcement (opens in a new tab)
Listed gaming and sports media company Nazara Technologies Ltd has raised INR 495 crore (nearly USD 60 million), led by Axana Estates LLP, whose designated partners include Arpit Khandelwal, founder and managing partner of Plutus Wealth Management LLP, and Mithun Sacheti, founder of Caratlane.Post-investment, Axana Estates will acquire about 5.40% stake in Nazara.Alongside Plutus Wealth Management LLP, Axana Estates LLP plans to launch a public open offer to acquire an additional 26% stake in Nazara.