Nazara Technologies announced that its wholly owned subsidiary, Paper Boat Apps Private Limited, allotted 9,90,450 bonus equity shares on March 25, 2026. The allotment occurred in a significant ratio of 93:1. Following this action, the company’s total shareholding in PaperBoat remains at 100%, consolidating its ownership stake. This move reflects an internal capital restructuring within the group.
Bonus Share Allotment Confirmed
Nazara Technologies has formally disclosed a key corporate action initiated by its wholly owned subsidiary, Paper Boat Apps Private Limited (“PaperBoat”). The communication confirms that on March 25, 2026, the subsidiary allotted a substantial number of bonus equity shares to the holding company.
Key Allotment Details
The total number of bonus shares allotted was 9,90,450 (Nine Lakhs Ninety Thousand Four Hundred Fifty). These shares have a face value of INR 10/- each.
The allotment ratio was set at a significant 93:1, meaning that 93 new fully paid-up bonus equity shares were issued for every 1 existing equity share held in PaperBoat.
Consolidated Shareholding
As a direct result of this large-scale allotment, Nazara Technologies’ aggregate holding in PaperBoat has increased to 10,01,100 equity shares. Crucially, the company confirmed that it continues to maintain 100% ownership of the entire share capital of PaperBoat following the bonus issuance.
Source: BSE
