Nazara Technologies has recently concluded a funding round of Rs 855 crore to support its acquisition strategy and global expansion efforts.
The company issued 89.6 lakh shares at an issue price of Rs 954.27 each. Nazara's stock was trading at Rs 1,021 on the National Stock Exchange, indicating a 3 percent increase from the previous close.
Founder Nitish Mittersain expects the gaming business to become Nazara Technologies' primary revenue generator in the next two to three years, highlighting the company's growth in the gaming sector.