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The funds raised through the instrument will mainly support strategic acquisitions, including the recently announced deals for Bluetile and BestPlay, and accelerate growth across the company’s existing business verticals.
The company will issue up to 1.92 crore (1,92,31,000) warrants at Rs 260 apiece, which includes a premium of Rs 258. The move is subject to shareholder and regulatory approvals, the company said in a regulatory filing.
Each warrant is convertible into one fully paid-up equity share of face value of Rs 2 within a period of 18 months from the date of allotment.
The funding round will see participation from Riambel Capital PCC, a SEBI-registered Category I Foreign Portfolio Investor, which will be allotted the largest chunk of 94.85 lakh warrants.
Other participants include Classic Enterprises and Founders Collective.
Promoter group entities S Gupta Family Investments and Plutus Investment and Holding Private Limited are also participating in the issue, which the company stated “reinforces alignment and long-term confidence in the company’s growth strategy”.”This Rs 500 crore fundraise comes at an important phase in Nazara’s journey as we execute on our most ambitious growth initiatives, including the Bluetile and BestPlay acquisition,” Nazara Technologies CEO Nitish Mittersain said.
Earlier this month, Nazara Technologies announced that its UK-based subsidiary will acquire a 50 per cent controlling stake in Spanish social gaming platforms Bluetile Games and BestPlay Systems for USD 100.3 million (about Rs 918 crore).
“This fresh capital, combined with our acquisition strategy, positions Nazara to build globally scalable, AI-enabled gaming businesses and further strengthen our leadership in the sector,” Mittersain added.
The company will convene an Extra-Ordinary General Meeting (EGM) of its shareholders on April 30, 2026, to seek the necessary approvals of shareholders for the warrant issuance.
In addition to the fundraiser, the Nazara board also approved the granting of an unsecured loan of up to Rs 4 crore to its wholly-owned subsidiary, Smaaash Entertainment Private Limited, in one or more tranches.
Nazara Technologies’ portfolio comprises Curve Games, Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother, Bigg Boss), World Cricket Championship and Sportskeeda, along with offline gaming businesses such as Funky Monkeys and Smaaash Entertainment.
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https://economictimes.indiatimes.com/markets/bonds/gaming-firm-nazara-tech-to-raise-rs-500-crore-via-warrants/articleshow/129904289.cms
