Page 4 - Nazara Technologies

Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

SBI Mutual Fund agrees to invest Rs 410 crore in Nazara Technologies

Nazara Technologies on Thursday said the country's largest mutual fund SBI MF has agreed to invest Rs 410 crore in the company by subscribing to its preferential allotment of equity by way of private placement. The gaming and sports media platform said the shares carry a face value of Rs 4. The company will issue 57,42,296 shares at a price of Rs 714 per share, aggregating to Rs 409.99 crore, to SBI Mutual Fund by way of preferential issue on a private placement basis. The funds will be invested via three schemes of SBI Mutual Fund, namely SBI Multicap Fund, SBI Magnum Global Fund and SBI Technology Opportunities Fund, it said in a statement. Earlier this week, Nithin and Nikhil Kamath of Zerodha invested Rs 100 crore in the company. The issue is an addition to the issuance of up to 14,00,560 fully paid-up shares approved by the board on September 4, both together aggregating to an amount not exceeding Rs 510 crore, the company said. The fund will be utilised to invest in funding

Gaming firm Nazara Technologies to raise Rs 410 cr from SBI Mutual Fund

Company will use investment for growth objectives including strategic acquisitions

Zerodha's Kamath brothers to invest Rs 100 crore in Nazara Technologies

This will take Nikhil Kamath's stake in the firm to 3.5 per cent, up from an earlier 1 per cent

Nazara Tech zooms 12% on plan to raise Rs 100 cr from Nikhil Kamath's firms

The company said it is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared.

Nazara Tech jumps 5% on strong Q1 results; stock up 20% so far in 2023

In the recently concluded quarter, Nazara's revenue from operations climbed 14 per cent YoY to Rs 254.4 crore. However, a sequential decline of 12 per cent was seen from Rs 289.32 crore in Q4FY23

Nazara Tech's Q1 profits surge 31% to Rs 20.9 crore, revenue up 14%

In the previous quarter, the firm's profit after tax stood at Rs 9.37 crore

Stocks to Watch today, July 13: Delta Corp, HDFC Bank, Patanjali, SpiceJet

Stocks to watch on July 13, 2023: Shares of TCS and HCL Technologies will react to Q1 earnings on Thursday.

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

Bears grip Delta Corp on highest ever volume, Nazara must hold 200-DMA

Delta Corp needs to cross the 200-DMA to regain the momentum, while Nazara Technologies must hold the 200-DMA as a support.

Roll of GST dice: Delta, Nazara shares slump up to 23% on D-Street

RMG refers to skill-based games that can be played for real money

Stocks to Watch today, July 12: TCS, HCLTech, Delta Corp, Nazara, Lupin

Stocks to watch on July 12, 2023: IT majors TCS and HCL Technologies will report Q1 earnings today, Wednesday.

Nazara Technologies to raise upto Rs 750 cr through equity shares

Online sports platform Nazara Technologies on Monday said its board has approved raising of up to Rs 750 crore through equity shares. The board, in a meeting held on Monday, also authorised the increase in share capital from Rs 30 crore to Rs 50 crore, according to a regulatory filing. "The board considered and approved raising of funds by way of issuance of such number of equity shares having a face value of Rs 4 each of the company for an aggregate amount not exceeding Rs 750 crore," the filing stated. The company will seek approval of shareholders for the increase in authorised share capital, issuance of securities and ancillary actions through a postal ballot, it added.

Nazara Technologies joins All India Gaming Federation as principal member

AIGF represent over 150 members including online gaming companies and game developers across all formats and genres

Stocks to Watch on May 10: L&T, SpiceJet, SCI, Apollo Tyres, Tata Steel

Stocks to Watch today: In a major blow, lessors have approached aviation regulator DGCA for deregistration of three planes of SpiceJet

Nazara Technologies Q4 results: Net profit rises 18% to Rs 2.6 crore

Nazara Technologies approved the acquisition of 19.5% of share capital of unit Next Wave Multimedia

Nazara Tech jumps over 3% on buying majority stake in Pro Football Network

Brokerage firm ICICI Securities has a 'Buy' rating on the stock with a target price of Rs 700 per share.

Stocks to Watch: Reliance, HAL, Hero MotoCorp, Nazara Tech, L&T, Power Grid

Stocks to Watch: Hero MotoCorp on Wednesday said it will increase prices of its model range by around 2 per cent from next month

SVB fallout: Nazara Tech says Rs 60 cr shifted to other bank accounts

Nazara Technologies on Wednesday said that out of Rs 64 crore held by its two step-down subsidiaries in Silicon Valley Bank, Rs 60 crore has been successfully transferred to bank accounts outside of SVB. The balance of Rs 4 crore remains in SVB accounts for unrestricted operational use, the company said in a regulatory filing. Nazara informed that both the companies -- Kiddopia Inc and Mediawrkz Inc -- have been given unrestricted access to the entire amount of USD 7.75 million (Rs 64 crore) that was held at SVB. "From this amount, a sum of USD 7.25 million (Rs 60 crore) has been transferred to bank accounts outside of SVB and the balance amount of USD 0.5 million (Rs 4 crore) remains in SVB accounts for unrestricted operational use," the company said. The abrupt failure of SVB last week had left many startups, tech companies, entrepreneurs and VC funds nervous and jittery about their deposits. SVB was deeply entrenched in the tech startup ecosystem and the default bank for many .

SVB fall: Nazara Tech says Rs 60 cr successfully shifted to other accounts

Nazara Technologies on Wednesday said that out of Rs 64 crore held by its two step down subsidiaries in Silicon Valley Bank, Rs 60 crore has been successfully transferred to bank accounts outside of SVB. The balance Rs 4 crore remains in SVB accounts for unrestricted operational use, the company said in a regulatory filing. Nazara informed that both the companies -- Kiddopia Inc and Mediawrkz Inc -- have been given unrestricted access to the entire amount of USD 7.75 million (Rs 64 crore) that was held at SVB. "From this amount, a sum of USD 7.25 million (Rs 60 crore) has been transferred to bank accounts outside of SVB and the balance amount of USD 0.5 million (Rs 4 crore) remains in SVB accounts for unrestricted operational use," the company said.