Nazara Technologies has increased its shareholding in Rusk Media Private Limited to 7.62% on a fully diluted basis. The company received 1,278 Pre Series C Compulsorily Convertible Preference Shares (CCPS) against a subscription amount of ₹14,98,99,176. This allotment represents 1.36% of the share capital of Rusk Media on a fully diluted basis.

The transaction follows a Share Subscription Agreement dated March 30, 2026, executed between the parties. The shares carry a face value of ₹10 each. This strategic investment increases Nazara Technologies' equity stake in the digital media entity.

Key Transaction Details

The disclosure was made to the stock exchanges on May 28, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation regarding the allotment was received from Rusk Media on the same date.

Mitter Infotech LLP, a promoter of Nazara Technologies Limited, has filed a disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reporting a significant disposal of equity shares through the open market. The transaction was executed on May 15, 2026, and the disclosure was submitted on May 16, 2026, signed by Nitish Mittersain, Designated Partner of Mitter Infotech LLP.

Key Details of the Share Sale

Mitter Infotech LLP sold 1,92,46,268 equity shares of Nazara Technologies, amounting to 5.195% of the total share and voting capital. The transaction was conducted via the open market on the BSE Limited and the National Stock Exchange of India Limited, where the shares of Nazara Technologies are listed.

Pre- and Post-Sale Shareholding

Prior to the transaction, Mitter Infotech LLP held 2,25,69,800 shares, constituting 6.092% of the total share and voting capital. The Persons Acting in Concert (PAC) — comprising Nitish Mittersain, Vikash Mittersain, Neerja Mittersain, Vishal V Chiripal, Vedprakash Chiripal, Kanta Pratapchand Jain, Kavita N. Saraogi, Meena Gupta, Rajesh Pratapchand Jain, and Rahul Balkrishna Goyal — collectively held 82,04,384 shares (2.215%), bringing the combined pre-sale holding to 3,07,74,184 shares (8.307%).

Following the disposal, Mitter Infotech LLP's direct stake fell to 33,23,532 shares (0.897%), while the PAC holding remained unchanged at 82,04,384 shares (2.215%). The combined post-sale holding of Mitter Infotech LLP and PAC stood at 1,15,27,916 shares, equivalent to 3.112% of the total share and voting capital.

Share Capital of Nazara Technologies

The equity share capital and total voting capital of Nazara Technologies remained unchanged before and after the sale. The company's share capital details are as follows:

No shares were reported as encumbered, pledged, or subject to any lien or non-disposal undertaking by Mitter Infotech LLP either before or after the transaction. There were also no warrants, convertible securities, or other instruments entitling the seller to additional voting rights reported in the disclosure.