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Updated Mar 12, 2021 | 20:04 IST
Nazara Technologies Joint MD Nitesh Mittersain and Manish Agarwal, CEO, told ET NOW that India improved quality of internet connectivity driven by mobile internet and fibre are good for the gaming industry.
Nazara Tech IPO: 50-70 million paying customers core of company, says CEO  |  Photo Credit: Times Now
The Initial Public Offering (IPO) of Nazara Technologies, which counts billionaire investor Rakesh Jhunjhunwala among stakeholders, will open for subscription on Wednesday, March 17.  The maiden public offer is in a price band of Rs 1,100-1,010 per share which will close on March 19.
The IPO is an offer-for-sale (OFS) of up to 5.29 million shares by promoters and shareholders current shareholders including Mitter Infotech, IIFL Special Opportunities Fund, Seedfund 2, Good Game Investment Trust Porush Jain and Azimuth Investments. The issue is expected to fetch Rs 583 crore at the upper price ....

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