Home Nazara Technologies raises Rs 410 Cr from SBI Mutual Fund for Expansion Purposes

Nazara Technologies raises Rs 410 Cr from SBI Mutual Fund for Expansion Purposes

Second tranche of Rs 750 Cr fundraising, SBI Mutual Fund will now hold 7.83% stake.
Funds designated for strategic acquisitions, investments in corporate entities, and meeting growth objectives.
Follows a Rs 100 Cr infusion by Kamath brothers, bumping Nazara’s market cap to Rs 5,765.4 Cr.