Nazara Technologies has successfully raised ₹500 crore through a preferential issue of warrants, as announced through an official press release following the board meeting held on March 30, 2026. The gaming and sports media company's board approved the comprehensive fundraising initiative to support strategic acquisitions and accelerate growth across existing business verticals.

Warrant Issuance Structure

The board approved issuance of up to 1,92,31,000 convertible warrants at ₹260 per warrant, representing a premium to the current market price and reflecting strong investor confidence in the company's growth strategy. Each warrant is convertible into one equity share and will be issued on preferential basis to five identified investors.

Strategic Investor Participation

The warrant allocation includes participation from diverse investors, with Riambel Capital PCC-RCC1, a SEBI-registered Category I Foreign Portfolio Investor, receiving the largest allocation. The round also includes participation from the Promoter Group through Plutus Investment and Holding Private Limited, reinforcing alignment and long-term confidence in the company's strategy.

Fund Utilization and Strategic Objectives

The proceeds from this fundraiser will primarily support strategic acquisitions, including the recently announced Bluetile and BestPlay transaction, and accelerate growth across existing business verticals. Nitish Mittersain, Joint MD & CEO, emphasized that this fresh capital positions Nazara to build globally scalable, AI-enabled gaming businesses and strengthen sector leadership.

Subsidiary Support and Regulatory Compliance

The board also approved granting an unsecured loan of up to ₹4 crore to Smaaash Entertainment Private Limited, the company's wholly-owned subsidiary. The warrant issuance requires shareholder approval and compliance with SEBI ICDR Regulations, 2018, and Companies Act, 2013, with an Extra-Ordinary General Meeting scheduled for April 30, 2026.

Nazara Technologies Limited has received bonus equity shares from its wholly owned subsidiary Paper Boat Apps Private Limited, as disclosed in a regulatory filing on March 25, 2026. The allotment represents a significant corporate action within the company's subsidiary structure.

Bonus Share Allotment Details

The bonus share allotment involved substantial numbers and specific terms that strengthen Nazara's position in its subsidiary:

The 93:1 ratio means that for every 1 existing equity share held by Nazara in Paper Boat Apps, the subsidiary issued 93 new fully paid-up bonus equity shares. This represents one of the higher bonus ratios typically seen in corporate actions.

Ownership Structure Maintained

Despite the substantial increase in the number of shares, Nazara Technologies continues to maintain complete control over Paper Boat Apps Private Limited. The company's ownership percentage remains unchanged at 100% of the subsidiary's share capital. This structure ensures that all strategic and operational decisions of Paper Boat Apps remain under Nazara's direct control.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Arun Bhandari signed the regulatory filing, ensuring proper compliance with stock exchange requirements for both BSE Limited and National Stock Exchange of India Limited.

Corporate Structure Impact

The bonus share allotment reflects the internal restructuring within Nazara's subsidiary framework. Paper Boat Apps Private Limited, being a wholly owned subsidiary, conducted this bonus issue to reorganize its share capital structure. The action increases the total number of shares outstanding while maintaining the same proportional ownership for Nazara Technologies.

This corporate action demonstrates the ongoing organizational activities within Nazara's subsidiary network, with Paper Boat Apps continuing to operate as a fully controlled entity under the parent company's strategic direction.