Ace Investor: This Rakesh Jhunjhunwala stock is all set for a bonus issue; find out more!

Ace Investor: This Rakesh Jhunjhunwala stock is all set for a bonus issue; find out more!

by 5paisa Research Team Last Updated: Jun 17, 2022, 12:02 PM IST

The board of Nazara Technologies has fixed Monday, 27 June 2022 as the record date for the proposed issue of bonus shares.

Nazara Technologies Ltd is a leading India-based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across interactive gaming, eSports, and gamified early learning ecosystems.

The company owns some of the most recognizable IPs, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay Technologies Private Limited and Qunami in skill-based, fantasy and trivia games.

As per the BSE shareholding pattern, as of March 2022, the ace investor owns a 10.1% stake in this gaming tech company. The company said that it is planning to issue 1 fully paid-up bonus equity share of Rs 4 each for 1 existing equity share (1:1) and this bonus issue is subject to the approval of the shareholders which is being obtained by way of Postal Ballot through remote e-voting.

Nazara Technologies reported a 17% increase in the consolidated profit to Rs 4.9 crore for the quarter ended March 2022, in comparison to the same quarter the previous year, which had a profit of Rs 4.2 crore. The company also reported a rise in the revenue from operations by about 42% to Rs 175.1 during the March 2022 quarter from Rs 123.4 crore, which was reported in the same quarter last year.

On Friday, 17 June 2022, at 11:45 am, the shares of this S&P BSE SmallCap company are trading at Rs 1071.60. The 52-week high of this company is Rs 3354.40 and the 52-week low is Rs 1050.05.

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