Nazara Technologies to elevate Rs 100 crore from Nikhil Kamath by admin- Monday, September 4th, 2023 04:03:26 PM
Nazara Technologies introduced that board has approved preferential allotment of equity stocks to raise as much as Rs. One hundred crores, difficulty to the receipt of approval of the shareholders of the Company and such regulatory / statutory authorities as can be applicable.
The Company is providing to problem 14,00,560 fairness stocks of face price of Rs. 4/- every at a fee of Rs. 714/- per fairness share aggregating to Rs. 999,999,840/- (“Issue”) proportionately to M/s Kamath Associates & M/s NKSquared.
As per the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), Regulations, 2018, those fairness shares may be locked in for a duration of 6 months from the date of issue.