MUMBAI — Shares of Nazara Technologies have declined more than 17 percent so far in 2026, even as the gaming and sports media company pushes ahead with fundraising and expansion initiatives.
The stock continued to face pressure on Tuesday, falling Rs 7.80, or 3.25 percent, to close at Rs 232.35. Recent trading trends show persistent volatility, with the stock dropping nearly 6.7 percent over the past week and more than 12 percent in the last month.
Over a longer timeframe, the shares have slipped more than 12 percent in three months and about 8.8 percent in six months, while the one-year decline remains relatively modest at around 1.9 percent.
Despite the downturn, the company has announced plans to raise Rs 500 crore through a preferential issue of warrants to support acquisitions and strengthen its business operations.
Nazara said it plans to issue up to 1.92 crore warrants at Rs 260 each, including a premium of Rs 258. Each warrant can be converted into one fully paid equity share within 18 months from the date of allotment, subject to shareholder and regulatory approvals.
The fundraising round will see participation from Riambel Capital PCC, which is set to receive the largest allocation, along with other investors such as Classic Enterprises and Founders Collective.
Earlier this month, the company also announced a significant international acquisition. Its U.K.-based subsidiary is set to acquire a 50 percent controlling stake in Spanish gaming platforms Bluetile Games and BestPlay Systems for $100.3 million, or about Rs 918 crore.
Nazara is betting on acquisitions and fresh capital to drive its next phase of growth, even as its stock continues to come under pressure in the market. (Source: IANS)
