Nazara to Raise ₹733.5 Crore through Preferential Issue

Bluetile and BestPlay founders and senior leadership to collectively invest ₹733.5 crore in Nazara equity at ₹306 per share
Capital to strengthen Nazara’s balance sheet and support strategic acquisitions and growth across its gaming portfolio

Mumbai, 6 August 2026: Nazara Technologies Limited (“Nazara” or “the Company”) today announced a preferential issue of equity shares aggregating to approximately ₹733.5 crore, subject to shareholder and regulatory approvals. The shares are proposed to be issued at ₹306 per share, determined with reference to the relevant date of 31 July 2026 in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The issue will be subscribed entirely by the founders and senior leadership team of Bluetile Games and BestPlay Systems. Their collective investment of approximately ₹733.5 crore represents a significant expression of confidence in Nazara’s strategy, leadership and long-term growth opportunity.

Raymond Stauffer to Invest Approximately ₹583 Crore

Raymond Albaladejo Stauffer, who assumes office as Chief Executive Officer of Nazara Technologies with effect from September 1 2026 subject to regulatory approvals, will subscribe to equity shares aggregating approximately ₹583.5 crore, making him a significant individual shareholder of the Company.

Rather than receiving additional stock-based incentives in connection with his appointment as CEO, Raymond is backing his conviction in Nazara’s future with a substantial personal investment, directly aligning his interests with those of the Company’s shareholders.

Details of the Proposed Investment

Investor	Proposed investment
Raymond Albaladejo Stauffer	₹583.48 crore
Marc Sylvester Schutze	₹86.67 crore
Maxime Loppin	₹30.71 crore
Alexandre Paul Jean Noirot-Cosson	₹21.75 crore
Alexander Osou	₹8.17 crore
Hugo Rémy Gaston Blavin	₹2.72 crore
Total	₹733.50 crore

Strengthening Nazara’s Growth Capital

The proceeds from the preferential issue will strengthen Nazara’s balance sheet and will primarily be deployed towards:

• Strategic acquisitions;
• Growth initiatives across existing gaming businesses;
• Investment in owned intellectual property;
• AI-enabled game development and operating capabilities; and
• Other opportunities aligned with Nazara’s global gaming strategy.

Capital deployment will remain subject to the Company’s established Investment Committee and Board oversight framework. The source draft states that the proceeds are intended primarily to support strategic acquisitions and accelerate growth across Nazara’s existing business verticals.

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.”

About Nazara Technologies

Nazara Technologies is India’s only publicly listed gaming company with diversified interests across mobile gaming, PC & console publishing, esports, gamified learning and offline entertainment. With operations across India, North America and Europe, Nazara is building a global gaming platform powered by strong IP, publishing and operating capabilities. Website: https://www.nazara.com/

Greaves Electric Mobility Strengthens EV Portfolio With Fully Subscribed ₹530 Crore Rights Issue

• Rights issue backed by Greaves Cotton and Abdul Latif Jameel Green Mobility Solutions reinforces long term confidence of the shareholders in GEML’s growth strategy
• Highlights GEML’s industry-beating performance and strong momentum across electric two- and three-wheelers, while reinforcing its commitment to supporting India’s clean mobility goals.

Greaves Electric Mobility Limited (GEML), the e-mobility business of Greaves Cotton Limited and one of India’s leading electric mobility companies consisting of brands Ampere and Greaves 3 Wheelers, announced an additional equity infusion of INR 530 crore through a Rights Issue. The investment is fully subscribed by the existing shareholders in proportion to their existing shareholding, including Greaves Cotton Limited (GCL) and Abdul Latif Jameel Green Mobility Solutions (ALJ), reaffirming their continued confidence in GEML’s strong momentum and its role in advancing India’s clean mobility transition. The investment reinforces the long-term commitment of GEML’s anchor shareholders.

The capital infusion is aimed at strengthening the GEML’s next phase of growth towards building Next Generation products, Battery Management Systems, Power Trains and New age Technology development.

Speaking on the investment, Mr. Karan Thapar, Chairman, Greaves Cotton Limited, said “GCL’s strong balance sheet enables us to support organic growth and selectively invest behind businesses with clear long-term potential. Our continued investment in Greaves Electric Mobility reflects our confidence in its strategic direction, execution capabilities, and role in advancing India’s clean mobility transition. With its manufacturing footprint, engineering depth, expanding portfolio and focus on Building for Bharat, GEML is well placed to sustain its market-outperforming growth and create enduring value.”

The investment will strengthen GEML’s electric two-wheeler and three-wheeler portfolio, deepen technology development and support execution in a competitive, fast-adopting EV market. While GEML has presently decided not to avail itself of the SEBI extension for the proposed Offer, it remains committed to pursuing a public listing at an appropriate time, subject to market conditions, regulatory approvals, and other relevant considerations.

Commenting on the development, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility Limited, said “We are grateful for the full subscription of the rights issue by our existing shareholders. Their continued support reflects strong confidence in Greaves Electric Mobility’s vision, strategy, and execution momentum. As India’s electric mobility market moves towards mass adoption, we remain focused on supporting the country’s clean mobility goals through differentiated products Built for Bharat, stronger technology capabilities, and reliable mobility solutions for our customers. This capital will help us accelerate innovation and further strengthen our product pipeline.”

The investment comes at a time when Greaves Electric Mobility continues to deliver industry-beating performance across both the electric two-wheeler and three-wheeler segments through a growing portfolio of products, an expanding retail and service network, and continued investments in engineering, manufacturing, and customer experience. Its strategic focus remains anchored in democratizing smart and sustainable mobility while delivering solutions that are Built for Bharat.

NDTV to Raise ₹400 Crore via Rights Issue, Targets Growth and Debt Reduction

The Board of Directors of New Delhi Television Limited (NDTV), one of India’s leading entities in news broadcasting and digital journalism, at its meeting held on 2nd September 2025, approved the capital raise of up to INR 400 Crore through a Rights Issue to its eligible shareholders.

This proposed capital raising will mark a significant step in strengthening NDTV’s balance sheet and enhancing its financial flexibility. The additional resources will enable the Company to pursue its growth agenda with greater resilience, including expansion of distribution to widen its domestic and international presence, investment in brand-building, development of new intellectual properties, reduction of debt, and other general corporate purposes.

NDTV has an established track record of delivering news content in both English and Hindi, with a legacy of credible journalism. The Company is focused on digital-first growth through branded content, data-driven advertising, and partnerships with global platforms to expand its reach. It is also exploring opportunities in regional language news, international broadcasting through NDTV World, and live events.

‘This rights issue is a decisive step in strengthening NDTV and preparing it for its next phase of growth. With the resources we raise, we will expand our reach and deepen our impact while staying true to the kind of journalism we have always stood for - credible, trustworthy, and uncompromising. This investment will also help us explore new areas of growth, with the digital world opening up new possibilities and new audiences for us. Our vision is to build a stronger, future-ready NDTV that reflects the aspirations of a new India,’ said, Rahul Kanwal, CEO and Editor-in-Chief, NDTV.

About NDTV

NDTV operates as a division of AMG Media Networks Limited, a wholly owned subsidiary of Adani Enterprises Limited. Incorporated in 1988, NDTV is engaged in the business of news broadcasting and digital journalism in India. The Company operates television channels and digital platforms with distribution in India and internationally. NDTV and its journalists have, from time to time, received national and international awards in recognition of their work in the field of journalism.

UGRO Capital Announces ₹400 Cr Rights Issue at ₹162 Per Share

UGRO Capital, India’s leading DataTech driven MSME Financing NBFC, today announced that its Securities Allotment & Transfer Committee has approved the final terms of its Rights Issue. This decision follows the Board’s May 20, 2025, announcement of a ₹915 Crore preferential CCD issuance and a concurrent proposal to offer up to ₹400 Crore on a rights basis to existing public shareholders.

Under the approved terms, UGRO Capital will offer new equity shares totalling up to ₹400 Crore at a price of ₹162 per share. This pro-rata offering ensures that all existing public shareholders have a fair opportunity to maintain their stake and guard against dilution as the Company continues to expand its balance sheet and deepen its DataTech advantage in serving India’s underserved MSMEs.

Commitments totalling over ₹250 Crore—including ₹150 Crore from IFU (Investment Fund for Developing Countries, Denmark), and ₹34 Crore from the Promoter, Promoter-group and employees in rights issue, underscore strong institutional and management confidence in UGRO’s strategy. The Rights Issue builds on the Company’s recent performance, which saw Assets Under Management grow to ₹12,003 Crore and profit before tax more than double to ₹203 Crore in FY 2024–25, while maintaining a healthy capital adequacy ratio.

Mr. Shachindra Nath, Founder & Managing Director of UGRO Capital said, “At UGRO Capital, we are consistently adding ₹3,000 Crore in AUM year-on-year. Given the strong growth momentum and steady portfolio quality we are witnessing, this capital raise would ensure that our growth trajectory remains unhindered. By offering every shareholder the opportunity to subscribe at ₹162 per share which is in line with the pricing of preferential allotment of CCD we are ensuring that Public Shareholders have the opportunity to participate in the growth journey of the company as well. Our growing AUM and profitability, coupled with a strengthened capital adequacy ratio post this infusion, position UGRO to scale its credit delivery and support the financial needs of small businesses across India.”

InCred Capital is serving as our financial advisor and SNG & Partners as our legal advisor for this Rights Issue as well as our previous equity capital raise.

About UGRO Capital Ltd (NSE: UGROCAP I BSE: 511742)

UGRO Capital Limited is a DataTech Lending platform, listed on NSE and BSE, pursuing its mission of “Solving the Unsolved” for the small business credit gap in India, on the back of its formidable distribution reach and its Data-tech approach.

The Company’s prowess in Data Analytics and strong Technology architecture allows for customized sourcing platforms for each sourcing channel. GRO Plus module which has uberized intermediated sourcing, GRO Chain, a supply chain financing platform with automated end-to-end approval and flow of invoices, GRO Xstream platform for co-lending, an upstream and downstream integration with fintechs and liability providers, and GRO X application to deliver embedded financing option to MSMEs.

The credit scoring model GRO Score (3.0) a statistical framework using AI / ML driven statistical model to risk rank customers is revolutionizing the MSME credit by providing on-tap financing like consumer financing in India.

UGRO has executed Co-lending model in India which is prevalent in the West through Co-Lending relationships with total of 17 Banks and NBFCs and built a sizeable off-balance sheet asset of 42% of its AUM through its Co-lending and Co-originating partners and GRO Xstream platform.

The Company is backed by marquee institutional investors (raised INR 900+ Cr of equity capital in 2018, INR ~340 Cr in 2023 and INR ~1,265 Cr in 2024) and aims to capture 1% market share over the next three years. For more information, please visit: http://www.ugrocapital.com/

Tata Consumer Products Raises Rs 3,000 Cr Additional Capital Through Rights Issue

Tata Consumer Products Ltd (TCPL) recently closed its rights issue, successfully raising Rs 3,000 crore, the company said in a regulatory filing. The issue was open from August 5 to August 19, 2024.

It was in January this year when the company's MD and CEO Sunil D'Souza announced that TCPL is set to announce a ₹3,500 crore rights issue after seeking board approval to fund its recent acquisitions of Capital Foods and Organic India figured at ₹7,000 crore.

The meeting of the capital raising committee of the board of the company held on July 23, 2024, approved the terms of the issuance of equity shares face value of Re 1 each by way of rights issue for an amount aggregating up to Rs 2,997.77 crore, it added.

This capital will support the company's growth and expansion plans, including acquisitions of stakes in Capital Foods Pvt Ltd and Organic India Pvt Ltd.

The funds will also support the expansion of their existing brands and the introduction of new products in both domestic and international markets.

A rights issue is a way for companies to raise additional capital by offering existing shareholders the right to purchase additional shares at a discounted price, usually in proportion to their current holdings. This method allows companies to generate funds without taking on debt. Shareholders can choose to exercise their rights, sell them, or let them expire.

Tata Consumer Products Ltd's stock is currently trading at Rs 1,177.4, reflecting a slight decrease of 0.87% today. Over the past year, the stock has shown impressive growth, reaching a 52-week high of Rs 1,253.42 and a low of Rs 818.08. The company's market capitalization stands at approximately Rs 1.17 trillion.

The company has reported consistent revenue growth, driven by strong performance in both domestic and international markets. Their focus on health and wellness products has resonated well with consumers.

Tata Consumer To Announce ₹3500 Crore Rights Issue

Tata Group's consumer focussed company, Tata Consumer Products Ltd (TCPL) is set to announce a ₹3,500 crore rights issue after seeking board approval to fund it's recent acquisitions of Capital Foods and Organic India figured at ₹7,000 crore, said the company's MD and CEO Sunil D'Souza.

Notably, Tata Consumer has not announced any Rights Issue since 2018.

Late last week, TCPL announced its plans to acquire a 100% stake in Capital Foods and Organic India. TCPL is looking to raise funds for these acquisitions via CPS/ rights issue, said Sunil D'Souza, in an interview to CNBC-TV18.

TCPL will consider and approve fundraising through rights issues in its board meeting scheduled on 19th January 2024. The Tata group company informed Indian exchanges about the plan in its latest exchange filing on Friday evening.

In one of its latest exchange filings on Friday at Indian stock market's bourses, TCPL said, "In accordance with Regulation 29(1)(d) of the Listing Regulations, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 19, 2024, to consider, inter-alia, the proposal for fund raising by debt issue in the form of commercial papers/debentures and equity issue through Rights Issue or any other appropriate mode, as may be decided by the Board, subject to requisite approvals."

Besides acquiring Capital Foods, TCPL has also signed an agreement with its founder Ajay Gupta to continue advising Tata Consumer on the fast-moving consumer goods (FMCG) sector.