CosmicTaco

Nazara Technologies Secures INR 220 Cr from SBI Mutual Fund

CosmicTaco · 2024-10-22T08:49:12.652534+05:30

- Gaming giant **Nazara Technologies** raised INR 220 Cr from SBI Funds Management Limited. - The company issued 23.05 Lakh equity shares at INR 954.27 each. - This funding is part of Nazara's plan to raise INR 900 Cr through a preferential equity issue. - The funds will be used to support Nazara's expansion and growth initiatives. - Recently, Nazara acquired stakes in **Pokerbaazi**, **GetStan Technologies**, and **Fusebox Games**. Source: [Inc42](https://inc42.com/buzz/nazara-raises-inr-220-cr-from-sbi-mutual-fund/)

Gaming giant Nazara Technologies raised INR 220 Cr from SBI Funds Management Limited.
The company issued 23.05 Lakh equity shares at INR 954.27 each.
This funding is part of Nazara's plan to raise INR 900 Cr through a preferential equity issue.
The funds will be used to support Nazara's expansion and growth initiatives.
Recently, Nazara acquired stakes in Pokerbaazi, GetStan Technologies, and Fusebox Games.

Source: Inc42