Nazara Technologies Proposes Major Preferential Fund Raise and Increases Authorized Share Capital
Nazara Technologies Limited has announced plans for a significant preferential issue of equity shares, alongside proposing an increase in its authorized share capital. The company convened a Board meeting on August 06, 2026, to approve these two material corporate actions. To seek requisite approvals from shareholders concerning the fundraising and the capital structure amendment, Nazara Technologies scheduled an Extraordinary General Meeting (EGM) for Sunday, August 30, 2026.The preferential issue is designed to raise funds through the issuance of up to 2,39,70,676 equity shares. Each share has a face value of ₹ 2/-, and the proposed cash issue price is set at ₹ 306/- per share, which includes a premium of ₹ 304/-. This issuance aims to aggregate up to ₹ 7,33,50,26,856/-.
Six identified investors are involved in the proposed preferential allotment, including Mr. Raymond Albaladejo Stauffer, Mr. Marc Sylvester Schutze, Mr. Maxime Loppin, Mr. Alexandre Paul Jean Noirot Cosson, Mr. Alexander Osou, and Mr. Hugo Rémy Gaston Blavin.
| Particular | Details |
|---|---|
| Maximum Equity Shares to be Issued | 2,39,70,676 |
| Face Value per Share | ₹ 2/- |
| Issue Price per Share | ₹ 306/- |
| Premium per Share | ₹ 304/- |
| Aggregate Funds Raised | Up to ₹ 7,33,50,26,856/- |
In parallel with the fundraising efforts, the company approved a proposal to increase its authorized share capital. The existing authorized capital stands at ₹ 80,00,00,000/- and is proposed to be increased to ₹ 90,00,00,000/-. This expansion involves the creation of an additional 5,00,00,000 equity shares of ₹2/- each, bringing the total authorized share capital to four crore fifty million shares.
Details regarding the pre-preferential issue and the post-allotment outcome are provided below:
| Investor Name | Maximum Shares Proposed | Post-Preferential Issue Holdings (Shares) | Post-Preferential Issue Holding (%) |
|---|---|---|---|
| Mr. Raymond Albaladejo Stauffer* | N/A | 1,90,67,969 | 4.67% |
| Mr. Marc Sylvester Schutze | N/A | 28,32,273 | 0.69% |
| Mr. Maxime Loppin | N/A | 10,03,628 | 0.25% |
| Mr. Alexandre Paul Jean Noirot Cosson | N/A | 7,10,946 | 0.17% |
| Mr. Alexander Osou | N/A | 2,66,895 | 0.07% |
| Mr. Hugo Rémy Gaston Blavin | N/A | 88,965 | 0.02% |
The proposal for the capital increase includes an amendment to Clause V of the Memorandum of Association. The revised Authorized Share Capital is stated as ₹90,00,00,000/- (Rupees Ninety Crores Only) divided into 45,00,00,000 (Forty-Five Crores) Equity Shares of ₹2/-(Rupees Two Only) each.
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.