The board has approved issuance of around 1.1 lakh equity shares at an issue price of Rs 2,260 apiece aggregating to about Rs 24.99 crore for acquiring 22,499 equity shares of Datawrkz Business on preferential basis, Nazara Technologies said.
“Post completion of this acquisition, the company will hold a 33 per cent equity stake on a fully diluted basis in Datawrkz Business Solutions Private Limited,” the filing said.
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The Nazara Technologies board has also doubled the loan or investment limit of the company in any entity to Rs 1,000 crore from Rs 550 crore earlier.