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Nazara Tech raises Rs 410 crore from SBI Mutual Fund
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The company’s board approved the issue of 5.7 million equity shares at 714 per share to SBI Mutual Fund. The funds will be invested via three schemes of SBI Mutual Fund, which are SBI Multicap Fund, SBI Magnum Global Fund, and SBI Technology Opportunities Fund.
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“Making India the gaming nation of the world has been a long-pursued dream for all of us at Nazara. India’s largest domestic mutual fund investing in Nazara is an important milestone for us in this two-decade-long journey. We are very excited to welcome SBI Mutual Fund as our investor,” said Nazara’s chief executive Nitish Mittersain, in a statement.
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