Business News›News›ET TV›Nazara Tech raises Rs 410 cr via issuing equity shares to SBI MF; CEO Nitish Mittersain shares insights
Nazara Tech raises Rs 410 cr via issuing equity shares to SBI MF; CEO Nitish Mittersain shares insights
Online gaming major Nazara Technologies on Thursday announced that its board has approved an issue of equity shares with face value of Rs 4 each to raise up to Rs 410 crore from SBI Mutual Fund. The company is proposing to issue 57,42,296 equity shares at a price of Rs 714 per share aggregating to Rs 4,099,999,344 to SBI Mutual Fund, by way of preferential issue on private placement basis. Nitish Mittersain, Founder & CEO, Nazara.com shares insights.
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