You are here: Home » News-CM » Companies » News
Business Standard

Nazara Technologies to hold 64.70% stake in Halaplay Technologies

Capital Market 

Nazara Technologies announced that its subsidiary, Halaplay Technologies along with Nazara Technologies (the company), Gaussian Networks, Ganatra Investment Holdings (Ganatra), Sandesh Kirkire with Anjali Kirkire, Suresh Bhatia and Sidharth Bhatia (Ganatra, Sandesh Kirkire with Anjali Kirkire, Suresh Bhatia and Sidharth Bhatia are herein collectively referred as proposed investors) have executed a Share Subscription Agreement on 27 April 2021 for issuance of upto 30,638 seed equity shares of Rs. 100/- each of Halaplay at a price of Rs. 5875/- per equity share for an amount aggregating to Rs. 17,99,98,250/- for cash on private placement basis to the proposed investors.

The transaction is subject to customary condition precedents and approvals.

Post the completion of the transaction, the Company will hold 64.70% stake in Halaplay on a fully diluted basis.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, April 28 2021. 16:10 IST