Jhunjhunwala-backed Nazara plans ~315 cr preferential issue

Investor Rakesh Jhunjhunwala-backed Nazara Technologies, the first domestic gaming company to go public, on Wednesday said its board approved a preferential allotment of fresh equity shares worth ~315.30 crore to institutional investors. The board has approved the "issuance of up to 14,29,266 equity shares of face value of ~4 each of the company, for cash, at an issue price of ~2,206 per equity share aggregating to ~315,29,60,796 to Gamnat and Plutus Wealth Management LLP...ON a preferential basis,” it said in a regulatory filing.