A gaming and sports media platform, Nazara Tech will issue 57.42 lakh shares to SBI Funds at Rs 714 apiece on a preferential basis. The share award is in addition to the 14 lakh shares approved on September 4.
Shares of the gaming company are trading down 1.5 percent at this time, down for the second day in a row. However, over the past five days, the stock has gained 9.2 percent. The stock is up 42.08 percent in 2023.
The number of players in the country is expected to increase from 420 million in 2022 to 500 million in 2025.
First post: September 7, 2023 12:21 STI