Nazara Technologies has approved raising up to ₹733.5 Cr through a preferential issue of equity shares to fund strategic acquisitions
The company’s board approved issuing up to 2.39 Cr equity shares at ₹306 apiece, aggregating up to ₹733.5 Cr
The preferential issue will be entirely subscribed by the founders and senior leadership team of Bluetile Games and BestPlay Systems, which Nazara acquired earlier this year
Gaming major Nazara Technologies
has approved raising up to ₹733.5 Cr through a preferential issue of equity shares to fund strategic acquisitions, growth initiatives across its gaming portfolio, and investments in AI-led game development capabilities.
The company’s board approved issuing up to 2.39 Cr equity shares at ₹306 apiece, aggregating up to ₹733.5 Cr
The preferential issue will be entirely subscribed by the founders and senior leadership team of Bluetile Games and BestPlay Systems, which Nazara acquired earlier this year. The company said the investment reflects the investors’ confidence in its long-term growth strategy.
Incoming CEO Raymond Albaladejo Stauffer will invest about ₹583.5 Cr as part of the issue, making him a significant individual shareholder in the company. His appointment as CEO will take effect from September 1.
The round will also see participation from Schutze Marc Sylvester (₹86.67 Cr), Maxime Loppin (₹30.71 Cr), Alexandre Paul Jean Noirot-Cosson (₹21.75 Cr), among others.
“I’m reinvesting a substantial portion of the proceeds from Bluetile and BestPlay back into Nazara. I’m doing this with a lot of optimism. The next chapter for the company is the most exciting yet. Nazara has the platform, balance sheet, and ambition to build a global gaming business,” said Stauffer.
Nazara first announced its acquisition of Spain-based Bluetile Games and player engagement and distribution startup BestPlay Systems in March this year, marking one of the biggest overseas acquisitions by an Indian gaming company. The company had initially proposed acquiring a 50% stake in the businesses for $100.3 Mn.
The businesses generated nearly ₹1,400 Cr in revenue in calendar year 2025.
However, Nazara has since restructured the transaction. Instead of acquiring Bluetile and BestPlay in stages until 2030, it will now acquire 100% of the businesses for a fixed $303 Mn (about ₹3,000 Cr), it said earlier this month.
Under the revised structure, Nazara will pay $89 Mn upfront, with the remaining $214 Mn to be paid in agreed tranches by April 1, 2027.
“The amended structure provides certainty of ownership and acquisition price, full economics upon closing, single-owner governance, immediate operating integration and greater strategic flexibility,” the gaming major said during the amendment.
Gaming major Nazara Technologies slipped to the red in Q1 FY27, reporting a net loss of ₹82.5 Cr as against ₹51.3 Cr in the year quarter. The operating revenue declined 14% to ₹428.8 Cr during the quarter under review from ₹498.8 Cr in Q1 FY26.
Shares of Nazara ended today’s trading session 1% higher at ₹352.5 apiece on the BSE.
Source: Inc42 - Startups
