Nazara Tech will hold a fundraiser on January 17

Nazara Technologies announced on Wednesday that the company’s board of directors will meet on January 17, 2022 to consider raising funds through the preferential issuance of shares.

In a regulatory filing, Nazara Technologies said the board of directors will meet on Monday, January 17, 2022 to consider and approve the issuance of shares of the company to one or more persons on a preferential basis in accordance with the provision of the Companies Act 2013. , Securities and Exchange Board of India and subject to the approval of the shareholders of the company.

The board will also consider and approve the increase in the limits relating to the investment / the granting of loans and guarantees or the provision of securities to any natural or legal person.

Nazara Technologies is one of the leading mobile gaming companies. It is India’s leading diversified gaming and sports media platform, present in emerging and developed global markets such as Africa and North America, with offerings in interactive gaming ecosystems, of eSports and playful early learning.

Nazara Technologies’ consolidated net profit increased by 9.8% to Rs 14.50 crore on a 17.8% increase in net sales to Rs 129.60 crore in Q2 FY22 compared to Q2 FY21.

Shares of Nazara Tech were trading up 2.61% at Rs 2,367 on BSE.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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