Nazara Technologies has revised the size of its proposed preferential equity share issue to ₹730.78 crore, down from the earlier ₹733.50 crore. The reduction follows the exclusion of one proposed allottee who failed to furnish requisite documents for listing approval.

The Board of Directors approved the revision via a resolution passed by circulation on September 4, 2026. The company disclosed the update in filings submitted to the BSE and NSE on September 5, 2026, under Regulation 30 of the SEBI Listing Regulations.

Revised Issue Details

The original proposal sought to raise up to ₹733.50 crore by issuing 2,39,70,676 equity shares. Following the exclusion of Mr. Hugo Rémy Gaston Blavin, the issue size now stands at ₹730.78 crore, comprising up to 2,38,81,711 equity shares of face value ₹2 each. The issue price remains at ₹306 per share.

Mr. Blavin was excluded because he could not provide the necessary documents within the timeline required under Regulation 160(e) of the SEBI ICDR Regulations for obtaining in-principle approval for listing. He had been proposed to receive 88,965 equity shares valued at ₹2.72 crore.

Shareholding Pattern Impact

The company provided a revised fully diluted shareholding pattern reflecting the post-issue structure. Key changes include:

The post-issue holding calculation accounts for the conversion of 40 lakh outstanding warrants and the exercise of options under ESOP schemes, which would add 7,87,975 shares. The fully diluted post-issue paid-up equity capital will comprise 41,34,54,675 equity shares.

Proposed Allottees

The remaining proposed allottees are registered as Foreign Portfolio Investors (FPIs) Category II. Notably, Mr. Raymond Albaladejo Stauffer, appointed as Chief Executive Officer effective September 1, 2026, is among the allottees. His shares are currently classified under FPI Category II pending regulatory approvals for his KMP appointment.

Prior Approvals

This revision follows shareholder approval granted at an extraordinary general meeting held on August 30, 2026. Shareholders had previously passed special resolutions for the preferential issuance and the appointment of Con Anthony Conlon as an Independent Director. The voting process was facilitated by CDSL, with CS Sandhya Malhotra serving as scrutinizer.

Nazara Technologies acquired a 4.10% equity stake in its subsidiary, Funky Monkeys Play Centre Private Limited, through a secondary purchase on September 3, 2026. The transaction involved the acquisition of 75,972 equity shares of ₹10 each from Ms. Binita Putcha, a founder of the subsidiary.

The aggregate consideration for the deal was ₹1.90 crore. This move increases Nazara’s total shareholding in Funky Monkeys from 64.00% to 68.10% of its equity share capital.

Transaction Details

The acquisition was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. It follows earlier disclosures made on August 3, 2026, and August 21, 2026.

What the Numbers Show

The secondary nature of the transaction indicates that the funds were paid to the existing shareholder rather than being injected as fresh capital into the subsidiary. By increasing its stake to a controlling majority of 68.10%, Nazara Technologies further consolidates its ownership structure within this gaming entity.