Mumbai: Nazara Technologies Limited has announced plans to raise approximately ₹733.5 crore through a preferential issue of equity shares, with the proceeds earmarked for strategic acquisitions, expansion initiatives, investment in intellectual property and AI-driven game development capabilities.
The company said the proposed issue, subject to shareholder and regulatory approvals, will see equity shares issued at ₹306 per share, a price determined in accordance with SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations based on the relevant date of July 31, 2026.
The entire issue will be subscribed by the founders and senior leadership team of Bluetile Games and BestPlay Systems, signalling strong confidence in Nazara’s long-term growth strategy and leadership.
A significant portion of the investment will come from Raymond Albaladejo Stauffer, who is set to assume office as Chief Executive Officer of Nazara Technologies from September 1, 2026, subject to regulatory approvals. Stauffer will invest approximately ₹583.48 crore, making him one of the company’s significant individual shareholders.
Other investors include Marc Sylvester Schutze (₹86.67 crore), Maxime Loppin (₹30.71 crore), Alexandre Paul Jean Noirot-Cosson (₹21.75 crore), Alexander Osou (₹8.17 crore) and Hugo Rémy Gaston Blavin (₹2.72 crore).
Nazara said the fresh capital will strengthen its balance sheet and primarily be deployed towards strategic acquisitions, growth across its existing gaming businesses, investment in owned intellectual property, AI-enabled game development and operational capabilities, along with other opportunities aligned with its global gaming strategy. Capital allocation will continue to be governed through the company’s Investment Committee and Board oversight framework.
Commenting on the proposed investment, Nitish Mittersain, Founder, Chief Executive Officer and Managing Director, Nazara Technologies, said, “The decision by Raymond and the Bluetile and BestPlay leadership team to invest approximately ₹734 crore of their own capital into Nazara is a powerful endorsement of the global platform we have built over the last few years. As founder, it is deeply heartening to see Nazara recognised and respected across the global gaming industry.”
Raymond Albaladejo Stauffer, Chief Executive Officer, Bluetile, said, “I’m reinvesting a substantial portion of the proceeds from Bluetile and BestPlay back into Nazara. I’m doing this with a lot of optimism. The next chapter for the Company is the most exciting yet. Nazara has the platform, balance sheet, and ambition to build a global gaming business. We also have a real opportunity to drive operating efficiencies. I’m excited to play a meaningful role in that. This reinvestment reflects my full conviction and confidence in the future of Nazara we are building together.”
