Nazara Technologies announced a significant fundraising activity, securing commitments for INR 500 crores through a preferential issue of warrants. Each warrant is convertible into one equity share at a price of INR 260 per share, reflecting a premium to the current market price. The capital infusion is earmarked to support strategic acquisitions, including the recent Bluetile and BestPlay transactions, and to accelerate growth across the company’s gaming verticals.
Nazara Technologies Announces INR 500 Crore Fundraise
Nazara Technologies Limited, India’s diversified gaming and sports media company, today announced the successful finalization of a preferential issue of warrants aggregating to INR 500 crores. This development, announced on March 30, 2026, is subject to requisite shareholder and regulatory approvals.
Warrant Pricing and Investor Confidence
The terms of the issue stipulate that each warrant is convertible into a single equity share at an issue price of INR 260 per share. This issuance price is noted to be at a premium to the prevailing market price, signaling robust investor confidence in Nazara’s overarching growth strategy.
The investors participating in this fundraise include a diverse group of entities, notably Riambel Capital PCC (a SEBI-registered Category I Foreign Portfolio Investor), S Gupta Family Investments, and the Plutus Investment and Holding Private Limited (part of the Promoter Group). The active participation by the Promoter Group underscores strong alignment with the company’s long-term vision.
Strategic Deployment of Fresh Capital
The primary purpose of this capital raise is to strategically fund expansion initiatives. Proceeds will be utilized to support crucial ongoing strategic acquisitions, specifically mentioning the recently announced transactions involving Bluetile and BestPlay. Furthermore, the capital will accelerate growth across Nazara’s existing business verticals.
Nitish Mittersain, Jt. MD & CEO, commented that this funding round is crucial for executing ambitious growth initiatives. He stated that the fresh capital positions Nazara to build globally scalable, AI-enabled gaming businesses and solidify its sector leadership.
About Nazara Technologies
Nazara Technologies is recognized as India’s only publicly listed gaming company. Its business portfolio spans key areas, including Curve Games, Kiddopia, Animal Jam, and Fusebox Games. Additionally, the company operates in the digital ad tech space via Datawrkz and holds interests in offline gaming through businesses like Funky Monkeys and Smaaash Entertainment. Nazara maintains a global footprint across India, North America, and other international markets, focusing on building a global gaming platform supported by strong IP and operating capabilities.
Source: BSE
