Plutus, Axana to buy another 26% in Nazara Technologies via open offer

Axana Estates and Plutus Wealth Management along with Junomoneta Finsol have made an open offer to acquire up to 26 per cent stake in Nazara Technologies, a gaming company. The open offer was triggered as Nazara on Monday announced that the company has received board approval to raise Rs 495 crore from Plutus Wealth Management’s founder and managing partner Arpit Khandelwal and Mithun Sacheti, co-founder of CaratLane. The two will acquire 5.4 per cent stake in the company through Axana Estates via a preferential issue of shares. Axana Estates’ designated partners include Khandelwal and Sacheti.