Nazara Technologies Extends Timeline for Funds Infusion into Nazara UK Subsidiary
Nazara Technologies Limited has announced an extension regarding the planned infusion of funds into its wholly-owned subsidiary, Nazara Technologies UK Limited (Nazara UK).The investment involves a multi-tranche commitment by the parent company. The proposed funding is set to exceed USD 100.3 million and will be executed through two primary components: subscribing to equity shares for an amount not exceeding USD 40.1 million, and granting a loan totaling no more than USD 60.2 million.
Nazara Technologies Limited confirmed that the indicative timeline for this significant infusion of funds into Nazara UK has been extended.
NAZARA Stock Price Movement
Nazara Technologies Limited shares gained ground on Tuesday, rallying by 3.80% to settle at ₹301.15 after trading throughout the session. The stock managed a strong performance, concluding within an intraday range of ₹291 and ₹307 amid heavy volume of 5.13 million shares traded.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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