Nazara Technologies raises Rs 495 crore, around 5.40 per cent stake to be alloted

Nazara Technologies, the online gaming firm, on Monday said it has raised ₹495 crore from Arpit Khandelwal, founder and managing partner of Plutus Wealth Management LLP, and Mithun Sacheti, tech entrepreneur and founder of Caratlane.

Nazara Technologies disclosed that Axana Estates LLP, whose designated partners include Khandelwal and Sacheti, will infuse the amount into the company to acquire around 5.40 per cent stake.