Nazara Technologies Announces Preferential Issue to Raise ₹733.5 Crore from Founders and Leaders

Nazara Technologies Announces Preferential Issue to Raise ₹733.5 Crore from Founders and Leaders​

Nazara Technologies Limited has announced a significant preferential issue of equity shares, aggregating approximately ₹733.5 crore. This capital injection is intended to strengthen the company's balance sheet and support strategic acquisitions and growth across its gaming portfolio. The shares are proposed to be issued at ₹306 per share, determined in reference to the relevant date of July 31, 2026.

The issue will be exclusively subscribed by the founders and senior leadership team of Bluetile Games and BestPlay Systems. This collective investment represents a substantial endorsement of Nazara’s strategy, leadership, and long-term growth opportunities.

Raymond Stauffer to Invest in Nazara​

A key aspect of the funding round involves Raymond Albaladejo Stauffer, who is set to assume office as Chief Executive Officer of Nazara Technologies effective from September 1, 2026, subject to necessary approvals. Mr. Stauffer will subscribe to equity shares aggregating approximately ₹583.48 crore, positioning him as a major individual shareholder in the company.

Rather than receiving additional stock-based incentives related to his CEO appointment, Raymond is making a substantial personal investment, directly aligning his interests with those of Nazara’s shareholders.

The proposed investment details are allocated among several key individuals:

Capital Deployment and Future Growth​

The proceeds from the preferential issue are earmarked to bolster Nazara’s financial position and will be primarily deployed toward several strategic areas, including:

• Strategic acquisitions.
• Growth initiatives across existing gaming businesses.
• Investment in owned intellectual property.
• AI-enabled game development and operating capabilities.
• Other opportunities aligned with the company's global gaming strategy.

Nitish Mittersain, Founder, Chief Executive Officer, and Managing Director of Nazara Technologies, commented on the investment, stating that the decision by Raymond Stauffer and the Bluetile and BestPlay leadership team to commit approximately ₹734 crore of their own capital is a powerful endorsement of the global platform Nazara has developed.

Raymond Albaladejo Stauffer, Chief Executive Officer of Bluetile, stated he was reinvesting a substantial portion of the proceeds back into Nazara with great optimism. He highlighted that Nazara possesses the platform and balance sheet to build a global gaming business and expressed excitement about playing a meaningful role in driving operating efficiencies.

About Nazara Technologies​

Nazara Technologies is defined as India's only publicly listed gaming company, possessing diversified interests across mobile gaming, PC and console publishing, esports, gamified learning, and offline entertainment. With operations spanning India, North America, and Europe, Nazara is working to build a global gaming platform underpinned by strong intellectual property, publishing, and operating capabilities.