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Nazara Technologies raises Rs 220 Cr from SBI Mutual Fund

  • Gaming and sports media company Nazara Technologies has raised Rs 220 crore from SBI Mutual Fund.
  • Nazara issued 23.5 lakh equity shares to the fund at a price of Rs 954.27 per share.
  • The company plans to issue a total of 94.3 lakh equity shares to select non-promoter investors.
  • Part of the raised funds will be used to acquire an additional stake in Absolute Sports Private Limited, Nazara's subsidiary.

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