Nazara Technologies Allots 18.23 Million Warrants Through Preferential Private Placement
Nazara Technologies Limited has completed the allotment of a substantial number of warrants through a preferential private placement, following approval by its Board of Directors on June 04, 2026.The company approved the allotment of 1,82,31,000 warrants. Each warrant is convertible into one fully paid-up Equity Share with a face value of INR 2. The warrants were issued at a price of INR 260 per unit, which includes a premium of INR 258.
The details of the allotment to the various eligible allottees are as follows:
| Allottee Name | Number of Warrants Allotted | Subscription Amount Received (INR) |
|---|---|---|
| Riambel Capital PCC-RCC1 | 94,85,000 | 61,65,25,000/- |
| S Gupta Family Enterprises Private Limited | 40,00,000 | 26,00,00,000/- |
| Plutus Investments and Holding Private Limited | 38,46,000 | 24,99,90,000/- |
| Founders Collective Fund | 9,00,000 | 5,85,00,000/- |
| Total | 1,82,31,000 | 1,18,50,15,000/- |
Warrants Allotment Adjusted Due to Ineligibility
The company noted that the total number of warrants allotted was reduced from an initial proposal. This reduction occurred because one of the proposed allottees, who was slated to receive 10,00,000 warrants aggregating to INR 26,00,00,000/-, became ineligible before the date of allotment, as per applicable regulations.Terms for Warrant Exercise
Warrant holders are entitled to exercise their warrants in tranches at any point up to eighteen months from the date of allotment. To convert a warrant into an equity share, the holder must pay the remaining 75% of the warrant issue price.NAZARA Stock Price Movement
As of 12:14 PM, shares of Nazara Technologies Limited are shedding value, slipping by 0.76% in live trading as the stock trades at ₹267.5. The company's equity has seen a volume of 437,653 shares processed during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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