Nazara Technologies Plans ₹500 Cr Fundraise via Warrants

Key Highlights • Board meeting scheduled March 30, 2026 to consider fundraise • Proposed raise: ₹500 crore via warrants • Instruments may include equity shares or convertible securities • Warrants allow future conversion → delayed dilution Fundraising Track Record • ₹760 Cr raised in early 2024 • ₹855 Cr raised in Nov 2024 • Now another ₹500 Cr planned, indicating continued capital inflow Strategy & Use of Funds • Focus on acquisitions and expansion • Strengthening presence across gaming, esports, and edtech • Continues aggressive inorganic growth strategy Why It Matters Frequent capital raises suggest strong investor interest and support Nazara’s expansion strategy, though repeated dilution remains a key monitorable. Learning Outcome Warrants are a common fundraising tool that bring in capital today while postponing equity dilution. Investors should track usage of funds and return on acquisitions.