Axana Estates LLP might be taking an extra 5.4 per cent stake in Nazara Applied sciences for ₹495 crore, triggering an open provide for an additional 26 per cent stake, the corporate mentioned in a press release.
Axana Estates’ designated companions embody Arpit Khandelwal and Mithun Sacheti, who’re exiting buyers within the gaming firm. They’re infusing the funds by means of a preferential subject at a worth of ₹990 per share.
Arpit Khandelwal is the founder & managing accomplice of Plutus Wealth Administration LLP and Mithun Sacheti, tech entrepreneur and founding father of Caratlane.
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Plutus Wealth and Axana Estates have launched a public open provide to accumulate an extra 26% stake in Nazara. In line with open provide announcement, the acquirers will purchase as much as 2.4 crore shares of Nazara at ₹990 per share.
Put up transaction and assuming full acceptance of the open provide, the whole shareholding of the acquirers, together with the present promoters Vikash & Nitish Mittersain and the promoter group, is anticipated to be 61.5 per cent.
