Nazara Technologies gets SEBI’s nod to float IPO

24 Apr 2018 Evaluate

Nazara Technologies has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The equity shares are proposed to be listed on BSE and NSE.

The issue will see sale of 5,543,052 equity shares by existing shareholders WestBridge Ventures Investment Holdings and Mitter Infotech. The listing of equity shares will enhance its brand name and provide liquidity to the existing shareholders.

ICICI Securities and Edelweiss Financial Services will manage the company’s IPO.

Nazara runs gaming subscription services to mass mobile internet users comprising largely of first time gamers across Africa, the Middle East, South East Asia, Latin America and the Indian subcontinent. The company is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.

Nazara Technologies Share Price

924.30 0.00 (0.00%)
05-Nov-2024 00:00 View Price Chart
Peers
Company Name CMP
TCS 3971.75
Infosys 1753.80
HCL Tech. 1773.20
Wipro 543.65
Tech Mahindra 1633.20
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.