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Nazara Technologies secures Rs 73.35 billion investment with CEO appointment planned for 2026
06-Aug-2026, 03:59
Nazara Technologies Limited announced that its board approved a preferential allotment of up to 2,39,70,676 equity shares at Rs 306 per share, totaling Rs 7,33,50,26,856, to six investors including Mr. Raymond Albaladejo Stauffer, who has been appointed as Chief Executive Officer effective September 1, 2026, subject to shareholder approval. The company also plans to increase its authorized share capital from Rs 80,00,00,000 to Rs 90,00,00,000 and will convene an Extraordinary General Meeting on August 30, 2026, to seek shareholder approval for these matters.
Nazara Technologies Limited announced that its board approved a preferential allotment of up to 2,39,70,676 equity shares at Rs 306 per share, totaling Rs 7,33,50,26,856, to six investors including Mr. Raymond Albaladejo Stauffer, who has been appointed as Chief Executive Officer effective September 1, 2026, subject to shareholder approval. The company also plans to increase its authorized share capital from Rs 80,00,00,000 to Rs 90,00,00,000 and will convene an Extraordinary General Meeting on August 30, 2026, to seek shareholder approval for these matters.