Nazara Technologies raises Rs 220 Cr from SBI Mutual Fund

Quick Summary:

As part of this agreement, Nazara will issue 23.5 lakh equity shares to the fund at a price of Rs 954.27 per share, raising a total of Rs 220 crore.

This is part of a larger Rs 900 crore capital-raising initiative announced last month.

This acquisition will be partially paid in cash (Rs 72.73 crore) and through a share swap of Nazara’s equity shares (Rs 72.73 crore).

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Agreement Fund Shares Lakh Crore Equity Share Issue Total Nazara Part

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 05:18:30 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 272 words

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Sentences: 20 lines

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News ID: 23192736

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