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Nazara Tech raises Rs 410 cr via issuing equity shares to SBI Mutual Fund

Online gaming major Nazara Technologies on Thursday announced that its board has approved an issue of equity shares with face value of Rs 4 each to raise up to Rs 410 crore from SBI Mutual Fund.The company is proposing to issue 57,42,296 equity . ....

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Nazara Tech Raises Rs 410 Cr Via Issuing Equity Shares To SBI Mutual Fund

Nazara Tech Raises Rs 410 Cr Via Issuing Equity Shares To SBI Mutual Fund
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After Kamath brothers, Nazara to issue Rs 410 crore worth of shares to SBI MF

The gaming company will use the funds to invest in funding requirements and growth objectives of the company including for making strategic acquisitions and investments in various other companies, entities or gaming funds, the exchange filing said. ....

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Nazara Technologies approves shares worth Rs 410 Cr to SBI Mutual Fund

Nazara Technologies approves shares worth Rs 410 Cr to SBI Mutual Fund
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After Zerodha's Nikhil Kamath, SBI Mutual Fund to invest Rs 410 crore in Nazara Technologies

The funds will be invested via three schemes of SBI Mutual Fund - SBI Multicap Fund, SBI Magnum Global Fund and SBI Technology Opportunities Fund.
....

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