Nazara Technologies Secures INR 220 Cr from SBI Mutual Fund

• Gaming giant Nazara Technologies raised INR 220 Cr from SBI Funds Management Limited.
• The company issued 23.05 Lakh equity shares at INR 954.27 each.
• This funding is part of Nazara's plan to raise INR 900 Cr through a preferential equity issue.
• The funds will be used to support Nazara's expansion and growth initiatives.
• Recently, Nazara acquired stakes in Pokerbaazi, GetStan Technologies, and Fusebox Games.

Source: Inc42