Nazara Technologies Raises ₹733.5 Cr Via Preferential Issue For Acquisitions And Growth

Gaming major Nazara Technologies approved raising up to ₹733.5 crore through a preferential equity issuance to fund acquisitions and strategic growth initiatives. Gaming in India is consolidating around larger platforms acquiring niche studios and IP; independent game developers should evaluate: are you building a studio that's acquisition-target material for Nazara or Reliance, or are you pursuing long-term independence and building a multi-game portfolio?

Source: Inc42 ↗