The gaming company’s second attempt at going public is viewed by most as a litmus test for the ecosystem.
It seems like the second time's a charm for Nazara Technologies.
For a few months now, the Mumbai-based gaming company has been gearing for an initial public offering. The draft red herring prospectus—the initial registration for an IPO—has been filed. The equity shares are proposed to be listed on BSE and the National Stock Exchange. Nazara’s lead managers on the issue include ICICI Securities, IIFL Securities, Nomura Financial Advisory & Securities (India) and Jefferies India. According to a person aware of the developments, Nazara has already received in-principle approval from the Securities and Exchange Board of India, and in a …
Nikhil used to a writer at The Morning Context. He is a graduate of the Asian College of Journalism, and has worked with several publications including the Deccan Herald, The Hindu and The Indian Express. He has reported on a wide range of topics, from technology to automotives to books.
nikhil@mailtmc.com