Mitter Infotech LLP sells 6.38% stake in Nazara Technologies to Plutus Wealth Management, providing liquidity for promoters while retaining control. Nazara reports 43% increase in quarterly profit after tax.
Today, Mitter Infotech, the promoter of gaming and esports company Nazara Technologies, completed an on-market block deal by selling 48.84 lakh shares, equivalent to 6.38% equity, to Plutus Wealth Management.
Mitter Infotech a promoter of gaming and sports media firm Nazara Technologies has sold 4884 lakh shares on Monday in a block deal of the stock exchange rep
The block trade will provide liquidity for the promoters, who will retain control of the company. Nitish Mittersain will continue in his current role as CEO & joint managing director of the gaming and entertainment company.