Nazara Tech: Independent Directors Plutus Wealth and Others Launch Open Offer to Acquire 26% Stake

Nazara Technologies Limited has disclosed the outcome of a crucial meeting of its Committee of Independent Directors held on 11 June 2025. This meeting was convened to evaluate the open offer proposed by Axana Estates LLP and Plutus Wealth Management LLP, collectively referred to as the “Acquirers,” along with Junomoneta Finsol Private Limited acting as the Person Acting in Concert (PAC). The offer involves the acquisition of a significant 26% stake in the company.

Committee Evaluates Open Offer Documentation

In accordance with Regulation 26(6) and 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, the Independent Directors reviewed all relevant documents including the Public Announcement dated 20 January 2025, Detailed Public Statement dated 25 January 2025, corrigenda dated 5 April 2025 and 10 June 2025, and the Letter of Offer dated 10 June 2025. The committee concluded that the open offer is both fair and reasonable.

Offer Price of ₹990 Found in Compliance with SEBI Rules

The offer proposes to acquire up to 2,40,82,567 fully paid-up equity shares of face value ₹4 each at an offer price of ₹990 per share in cash. The committee stated, “The offer price of ₹990/- (Indian Rupees Nine Hundred and Ninety only) per equity share offered by the Acquirers along with the PAC, is in accordance with the applicable provisions of the SEBI (SAST) Regulations.” The recommendations will be published in newspapers and sent to stock exchanges as per regulatory requirements.

Read More: Nazara Technologies Strengthens Global Gaming Strategy with ₹247 Cr Acquisition of UK-Based Curve Games!

Nazara Technologies Share Price Performance 

As of June 12, 2025, at 1:10 PM, Nazara Technologies share price is trading at ₹1,265.20 per share, reflecting a decline of 0.68% from the previous closing price. Over the past month, the stock has surged by 8.53%.

Conclusion

The Committee of Independent Directors at Nazara Technologies has endorsed the open offer, affirming its fairness and compliance with SEBI norms. The formal written recommendations will be shared in due course as required.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.