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Nazara Technologies announced a preferential issue of equity shares worth INR 733.5 crore, subject to shareholder and regulatory approvals. The shares will be issued at INR 306 per share, based on the relevant date of July 31, 2026, in accordance with SEBI regulations.
“The decision by Raymond and the Bluetile and BestPlay leadership team to invest approximately INR734 crore of their own capital into Nazara is a powerful endorsement of the global platform we have built over the last few years. As a founder, it is deeply heartening to see Nazara recognised and respected across the global gaming industry.” said Nitish Mittersain, Founder, Chief Executive Officer and Managing Director, Nazara Technologies.
The preferential issue will be subscribed entirely by the founders and senior leadership team of Bluetile Games and BestPlay Systems. Raymond Albaladejo Stauffer, who is set to assume office as Chief Executive Officer of Nazara Technologies from September 1, 2026, subject to regulatory approvals, will invest approximately INR583.48 crore, making him a significant individual shareholder in the company. Other proposed investments include:
} Marc Sylvester Schutze – INR 86.67 crore
} Maxime Loppin – INR 30.71 crore
} Alexandre Paul Jean Noirot-Cosson – INR 21.75 crore
} Alexander Osou – INR 8.17 crore
} Hugo Rémy Gaston Blavin – INR 2.72 crore
The company said the proceeds from the issue will be used to:
} Strengthen its balance sheet.
} Pursue strategic acquisitions.
} Support growth across its existing gaming businesses.
} Invest in owned intellectual property.
} Expand AI-enabled game development and operating capabilities.
} Fund other opportunities aligned with its global gaming strategy.
The deployment of capital will remain subject to the company’s Investment Committee and Board oversight framework.
“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.” said Raymond Albaladejo Stauffer, Chief Executive Officer, Bluetile.
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