Nazara Technologies raises Rs 500 crore through preferential issue of warrants

The proceeds from this fundraise will primarily be used to support strategic acquisitions, including the recently announced Bluetile and BestPlay transaction

by e4m Staff
Published: Mar 30, 2026 7:14 PM | 1 min read

Nazara Technologies has announced a preferential issue of warrants aggregating to Rs 500 crore, subject to shareholder and regulatory approvals.

Each warrant is convertible into one equity share and is being issued at a price of Rs 260 per share.

The round includes participation from Riambel Capital PCC, a SEBI-registered Category I Foreign Portfolio Investor, S Gupta Family Investments, Plutus Investment and Holding Private Limited (Promoter Group), Classic Enterprises, and Founders Collective.

The participation from the Promoter Group at the issue price further reinforces alignment and long-term confidence in the Company’s growth strategy.

The proceeds from this fundraise will primarily be used to support strategic acquisitions, including the recently announced Bluetile and BestPlay transaction, and to accelerate growth across the existing business verticals of the company.

Nitish Mittersain, Jt. MD & CEO, Nazara Technologies said, “This Rs 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. 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.”