Nazara Technologies shares rise over 6% after board approves date to consider fundraise; check details

Nazara Technologies shares surged more than 6% during the intraday trading session on Tuesday, March 24, 2026, after the company fixed its board meeting date to consider and approve a fundraising plan, according to an exchange filing.

In the BSE filing, Nazara Tech fixed the board meeting date on Monday, March 30, 2026, where the company will consider and approve a fundraise by either issuing equity shares or other convertible instruments on a preferential basis to one or more persons, subject to the regulatory and necessary approvals.

The board will also approve the ancillary actions on the fundraiser move, according to the filing data.

The company also disclosed that the trading window for the designated personnel and their immediate relatives has been closed and will remain closed till 48 hours after the outcome of the board meeting.

As of 1:07 p.m. on Tuesday, Nazara Tech shares were trading 6.02% higher at ₹230.75, compared to ₹217.65 at the previous stock market close, according to NSE data. The shares hit an intraday high of ₹232.40 during the trading session.

₹918 crore stake acquisition

In an exchange filing last week, Nazara Technologies announced that the company has signed definitive agreements to acquire 50% stake in Bluetile Games S.L. and BestPlay Systems S.L. for a consideration of ₹918 crore.

Nazara Tech’s UK arm will initially acquire 50% stake in both entities, Bluetile and BestPlay. As per the exchange filing, the company also holds a call option and the sellers a corresponding put option to acquire the remaining stake by 2028 at a valuation based on 6.6x trailing calendar year EBITDA.

The acquisition transaction includes performance-linked earnouts with the most profitable payout at ₹898 crore, in contingency that the firm achieving an agreed revenue and EBITDA target of CY2027-2029 and payable annually from 2028 to 2030.

Nazara Technologies share price trend

Nazara Technologies' shares have given stock market investors more than 80% returns on their investment in the last three years, but have lost 4.3% in the last one year period, according to NSE.

On a year-to-date (YTD) basis, the company’s stock is down 17.50% so far in 2026, and has lost 14.29% over the last one month. Nazara Tech shares have been trading 2.47% lower in the last five sessions on the Indian stock market, according to exchange data.

Nazara Tech stock hit its 52-week high level at ₹363.25 on August 13, 2025, while the company’s stock dropped to its 52-week low level of ₹215.70 on Monday, March 23, 2026, NSE data showed. The company’s market capitalisation (M-Cap) was at ₹8,513.29 crore as of the stock market session on Tuesday, March 24.