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Nazara Tech transferred Rs 60 crore from Silicon Valley Bank account to other banks

Nazara Technologies on Wednesday said two of its subsidiaries had deposits totaling Rs 64 crore in the failed Silicon Valley Bank (SVB) of the US. Out of | BLiTZ

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Nazara Tech Says Rs 60 Crore Successfully Shifted From Silver Valley Bank To Other Bank Accounts

Nazara Technologies today said that out of Rs 64 crore held by its two-step down subsidiaries in Silicon Valley Bank, Rs 60 crore has been successfully transferred to bank accounts outside SVB.

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Silicon Valley Bank - Silicon Valley Bank fall: Nazara Technologies says Rs 60 crore shifted to other bank accounts, Rs 4 crore remains for unrestricted operational use

Nazara informed that both the companies Kiddopia Inc and Mediawrkz Inc have been given unrestricted access to the entire amount of Rs 64 crore that was held at SVB

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Nazara Technologies Ltd updates on subsidiaries funds with SVB

Kiddopia Inc and Mediawrkz Inc have been given unrestricted access to the entire amount of USD 7.75mn that was held at SVB and a sum of USD 7.25mn has been transferred to bank accounts outside of SVB.

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SVB Fallout: Nazara Tech Says Rs 60 Crore Shifted To Other Bank Accounts

SVB Fallout: Nazara Tech Says Rs 60 Crore Shifted To Other Bank Accounts
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