01 - 03 - 2026

Nazara Technologies plans to raise ₹500 crore through warrants

By Our Bureau
March 31, 2026

Nazara Technologies, Indian gaming and sports media firm, said it plans to raise ₹500 crore ($60.3 million) through a preferential issue of warrants to fund strategic acquisitions.

The Mumbai-based listed gaming firm will issue warrants at ₹260 per share, a 11.9% premium to its closing price of ₹232.35 on Monday, the company said in a statement.

“This fresh capital, combined with our acquisition strategy, positions Nazara to build globally scalable, AI-enabled gaming businesses,” Nitish Mittersain, Joint Managing Director and CEO of Nazara, said.

The fundraising round will include participation from Riambel Capital PCC, S Gupta Family Investments, and the company’s own promoter group, Plutus Investment and Holding Private Limited.

Nazara said it intends to use the capital to accelerate growth across its business verticals and support recent deal-making, including the acquisitions of gaming companies Bluetile and BestPlay. The fund-raising plan is subject to regulatory and shareholder approvals.

Nazara’s portfolio includes popular titles such as World Cricket Championship and Animal Jam, as well as the sports media platform Sportskeeda. The company has been aggressively expanding its global footprint through IP acquisition and publishing.

This latest capital infusion follows a string of significant mid-market deals in 2025, including the acquisition of UK-based PC publisher Curve Games and the takeover of the Smaaash entertainment chain, as the firm seeks to transition from a mobile-centric publisher into a global platform with integrated AI capabilities and a presence across PC and console gaming.

The company has historically pursued an aggressive “house of brands” strategy, acquiring majority stakes in established entities such as e-sports firm Nodwin Gaming and the preschool learning platform Kiddopia while allowing them to operate with high degrees of autonomy.

Nazara, founded in 1999 by Nitish Mittersain, originally navigated the early internet era as a mobile value-added services provider before pivoting into a diversified gaming conglomerate that now generates the majority of its revenue from international markets including North America and the Middle East.