Nazara Technologies Secures ₹495 Crore Investment Through Preferential Share Allotment

Nazara Technologies Ltd has approved the allotment of 5 million shares to Axana Estates LLP on a preferential basis at ₹990 per share. The transaction, valued at ₹495 crore, marks a strategic investment aimed at strengthening Nazara’s position in the gaming and digital entertainment sector.  

Key Highlights of the Investment  

- Axana Estates LLP, led by investors Arpit Khandelwal and Mithun Sacheti, has acquired a 5.4 percent stake in Nazara Technologies through this preferential allotment  
- The investment triggers a mandatory open offer, as per SEBI regulations, allowing Axana Estates and its partners to acquire an additional 26 percent stake in the company  
- Upon completion of the open offer, the total shareholding of Axana Estates, Plutus Wealth Management LLP, and other associated investors is expected to rise to 61.5 percent  
- Nazara Technologies plans to utilize the funds for organic expansion, acquisitions, and entry into new markets, reinforcing its global presence in gaming and esports  

Strategic Importance and Market Impact  

Nazara Technologies has been a key player in India’s gaming industry, with a diversified portfolio spanning esports, gamified learning, and interactive gaming. The latest investment underscores confidence in the company’s growth trajectory, positioning it for further expansion in international markets.  

Future Outlook  

With fresh capital infusion, Nazara Technologies is expected to accelerate its acquisition strategy and strengthen its gaming ecosystem. The company’s leadership remains committed to leveraging this investment for long-term growth and innovation.  

Sources: Business World, Angel One, Entrepreneur India