Indian publisher Nazara Technologies is set to raise ₹733.5 crore ($77m) through a preferential issue of equity shares from the founders and senior leadership of its acquired studios Bluetile and BestPlay.
Bluetile CEO Raymond Albaladejo Stauffer, who is set to replace Nitish Mittersain as Nazara CEO from September 1st, will invest ₹583.5 crore ($61.3m).
The move will make him a “significant individual shareholder” of the company.
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