3 weeks ago
Nazara Tech Raises ₹733.5 Crore; Incoming CEO Invests ₹583.5 Crore
Nazara Technologies is a video game company.
It announced that it will raise ₹733.5 crore by selling new shares to some special investors.
Each share will cost ₹306.
The people buying the shares are the founders and top leaders of Bluetile Games and BestPlay Systems.
The new boss of Nazara, Raymond Albaladejo Stauffer, is putting in a very large amount of his own money, about ₹583.5 crore.
He will become the CEO on September 1, 2026, if regulators say yes.
By buying so many shares, Raymond shows he really believes the company will do well.
The money will help Nazara buy other gaming companies and grow even bigger.
Nazara's founder, Nitish Mittersain, said he is very happy about this investment.
Nazara Technologies announced a ₹733.5 crore preferential issue of equity shares at ₹306 apiece.
Incoming CEO Raymond Albaladejo Stauffer will subscribe to shares worth approximately ₹583.5 crore, becoming a significant individual shareholder.
The issue will be subscribed entirely by the founders and senior leadership of Bluetile Games and BestPlay Systems.
Stauffer assumes office as CEO of Nazara Technologies effective September 1, 2026, subject to regulatory approvals.
The capital raise is expected to strengthen Nazara's balance sheet and support strategic acquisitions and growth across its gaming portfolio.
- Who
- Nazara Technologies, incoming CEO Raymond Albaladejo Stauffer, founder Nitish Mittersain, and founders and senior leadership of Bluetile Games and BestPlay Systems
- What
- A ₹733.5 crore preferential issue of Nazara Technologies equity shares at ₹306 per share, with the incoming CEO investing ₹583.5 crore
- Where
- New Delhi, India
- When
- Announced on August 6, 2026; Stauffer becomes CEO effective September 1, 2026, subject to regulatory approvals
- Why
- To strengthen Nazara's balance sheet and support strategic acquisitions and growth across its gaming portfolio
Key facts
- Company
- Nazara Technologies
- Fundraise Amount
- ₹733.5 crore
- Issue Price
- ₹306 per share
- Largest Investor
- Incoming CEO Raymond Albaladejo Stauffer (₹583.5 crore)
- CEO Start Date
- September 1, 2026 (subject to regulatory approvals)
- Subscribers
- Founders and senior leadership of Bluetile Games and BestPlay Systems
- Purpose
- Strengthen balance sheet, support strategic acquisitions and growth
- Announcement Date
- August 6, 2026
Quotes
Nitish Mittersain
Founder and CEO of Nazara Technologies
“As a founder, it is deeply heartening to see Nazara recognised and respected across the global gaming industry.”
freepressjournal.in
Sources
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