Nazara Tech To Use Rs 495 Crore From Axana Estates For Investments And Acquisitions, Says Nitish Mittersain

The funds raised by Nazara Technologies (India) Ltd. through the preferential issue of shares to Axana Estates will be utilised towards making strategic investment and acquiring other gaming companies, according to Chief Executive Officer Nitish Mittersain.

“The primary use of these finds will be…