Nazara Technologies Raises INR 500 Crores Through Preferential Issue of Warrants
Mumbai, India – March 30, 2026 – Nazara Technologies Limited (BSE: 543280 | NSE: NAZARA), a leading diversified gaming and sports media company, announced a preferential issue of warrants totaling INR 500 crores, pending shareholder and regulatory approvals.Each warrant will convert into one equity share and is priced at INR 260 per share. The round includes investments from Riambel Capital PCC, S Gupta Family Investments, Plutus Investment and Holding Private Limited (Promoter Group), Classic Enterprises, and Founders Collective.
The Promoter Group’s participation at the issue price underscores their confidence in the company’s growth strategy.
Proceeds from the fundraise will be primarily directed towards strategic acquisitions, including the recently announced Bluetile and BestPlay transaction, and to accelerate growth across existing business verticals.
"This INR 500 crore fundraise comes at an important phase in Nazara's journey as we execute on our most ambitious growth initiatives, including the Bluetile and BestPlay acquisition," said Nitish Mittersain, Jt. MD & CEO of Nazara Technologies. "This fresh capital, combined with our acquisition strategy, positions Nazara to build globally scalable, AI-enabled gaming businesses and further strengthen our leadership in the sector.”
Nazara Technologies is India’s only publicly listed gaming company. Its key businesses include Curve Games, Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother, Bigg Boss), World Cricket Championship and Sportskeeda, along with offline gaming businesses such as Funky Monkeys and Smaaash Entertainment. Nazara also operates Datawrkz, a digital ad tech business. The company has a presence in India, North America, and other global markets and is building a global gaming platform with strong IP, publishing, and operating capabilities.
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