![](https://economictimes.indiatimes.com/thumb/msid-103342671,width-1070,height-580,imgsize-42702,overlay-ettech/photo.jpg)
The firm said it is issuing shares to Kamath at Rs 714 per share. The firm’s shares rose about 9.7% to Rs 833.45 in early morning trade on the National Stock Exchange (NSE).
Elevate Your Tech Process with High-Value Skill Courses
Offering College | Course | Website |
---|---|---|
Indian School of Business | ISB Professional Certificate in Digital Marketing | Visit |
Indian School of Business | ISB Digital Transformation | Visit |
Indian School of Business | ISB Professional Certificate in Product Management | Visit |
Northwestern University | Kellogg Post Graduate Certificate in Digital Marketing | Visit |
On July 10, Nazara’s board had approved raising of up to Rs 750 crore through equity shares.
“Gaming in India is poised for strong growth in the years to come and Nazara has built a well-diversified, profitable gaming platform well suited to take advantage of opportunities in the years ahead. We look forward to supporting Nitish and his team in achieving their growth aspirations for Nazara,” Kamath said on the investment.
“Nikhil Kamath symbolizes success in India’s tech arena, and this fund raise holds immense value for us at Nazara as we continue to build a diversified gaming platform in India. Beyond the funds raised, his investment stands as a resounding vote of confidence in Nazara,” said Nitish Mittersain, CEO, Nazara Technologies.
More to follow…