The fundraise has drawn participation from a mix of institutional and promoter investors, including Riambel Capital PCC, a SEBI-registered Category I Foreign Portfolio Investor, S Gupta Family Investments, Plutus Investment and Holding Private Limited (promoter group), Classic Enterprises and Founders Collective. The participation of the promoter group at the issue price underscores continued alignment with the company’s long-term plans.
Nazara said the proceeds will primarily be deployed towards strategic acquisitions, including the recently announced Bluetile and BestPlay transactions, while also supporting expansion across its existing business verticals.Commenting on the development, Joint Managing Director and Chief Executive Officer Nitish Mittersain said the capital raise comes at a key phase in the company’s journey as it looks to scale its gaming business globally. He added that the fresh capital, alongside its acquisition strategy, will help build AI-enabled gaming platforms and strengthen its position in the sector.
Also Read: Nazara Technologies says core business improving, more acquisitions on radar
Shares of Nazara Technologies ended at ₹232.40 on the NSE ahead of the announcement, down 3.29% for the day.
