Latest News | Nazara Technologies to Raise Up to Rs 750 Crore

New Delhi, Jul 10 (PTI) Online sports platform Nazara Technologies on Monday said its board has approved raising of up to Rs 750 crore through equity shares.

The board, in a meeting held on Monday, also authorised the increase in share capital from Rs 30 crore to Rs 50 crore, according to a regulatory filing.

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"The board considered and approved raising of funds by way of issuance of such number of equity shares having a face value of Rs 4 each of the company for an aggregate amount not exceeding Rs 750 crore," the filing stated.

The company will seek approval of shareholders for the increase in authorised share capital, issuance of securities and ancillary actions through a postal ballot, it added.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)