Securitiesin F&O ban : Aarti Industries, Balrampur Chini Mills, Biocon, Birla soft, Gujarat National Fertilisers and Chemicals (GNFC), Granules India, LIC Housing Finance, Oracle Financial Services, Punjab National Bank (PNB), and RBL Bank. Stocks to watch: Nazara Technologies raised up to Rs 900 crore via preferential issue of shares at an issue price set at Rs 954.27 per share. Meanwhile, the company will acquire an additional 19.35% stake in Absolute Sports (Sportskeeda) for Rs 145.5 crore. With this, the company now holds a 91% ownership stake in Abosulte Sports (Sportskeeda). BL Kashyap & Sons secured a new order worth Rs 221 crore from SSS Realty & Co. for construction work in Bangalore. The total order book as of date stands at Rs 3,546 crore. Garden Reach Shipbuilders & Engineers received an additional $54 million contract from Germany's Carsten Rehder for 4 Multi-purpose vessels. Aditya Birla Capital received no objection from RBI for the proposed amalgamation of Aditya Birla Finance with itself, it will create a large unified operating NBFC. Nippon Life India's board approved the appointment of Parag Joglekar as CFO with effect from 19 September 2024. ION Exchange received Rs 161 crore order from Adani Power for a water and environment management solution. The projects are expected to be completed within 18 months from the award date. Macrotech Developers has executed securities purchase agreement (SPAs) with Ivanhoe Warehousing India for the acquisition of its shareholding in the Digital Infastructure platform entities, Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1'for Rs 239.56 crore. Post-acquisition, the company's stake in these entities would increase to 70%, 66.67%, and 66.67%, respectively. PowerGrid Corporation of India has received a Letter of Intent for the project, which includes establishing a new 765/400/220 kV substation at Kurawar, along with 765 kV & 400 kV D/C transmission lines and associated bays extension works at other existing substations in Madhya Pradesh.Powered by Capital Market - Live

Nazara Technologies has acquired an additional 19.35% stake in Absolute Sports, the parent company of Sportskeeda, for Rs 145.5 crore, with 50% of the consideration paid in cash and the remaining amount in stock. With this, Nazara now holds a 91% ownership stake in Absolute Sports, solidifying its leadership position in the sports media domain. Sportskeeda, Absolute Sports' flagship brand, reaches millions ofsports fans globally each month, with significant traction in India and the U.S., where it ranks among the top sports platforms. In addition, Absolute Sports has recently expanded by acquiring Pro Football Network (PFN), SoapCentral, and Deltia's Gaming, further diversifying its sports and entertainment portfolio. Powered by Capital Market - Live

Nazara Technologies announced its largest fund raise to boost its growth trajectory. The company's board has approved a preferential equity issue to raise Rs 900 crore, subject to shareholder and regulatory approvals. This capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company's ability to seize new growth opportunities. The preferential equity issue amounting to Rs 900 crore will be placed with marquee investors such as SBI Mutual Fund, Junomoneta Finsol (an associate of Plutus Wealth), Think Investments, Discovery Investments, Mithun and Siddharth Sacheti, Cohesion Investments, Chartered Finance and Leasing, Ratnabali Investments and Aamara Capital, further strengthening Nazara's financial foundation for long-term expansion. These shares will be subject to SEBI regulations and lock-in requirements as per Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018.Powered by Capital Market - Live

Nazara Technologies announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Nazara Technologies will hold a meeting of the Board of Directors of the Company on 18 September 2024.Powered by Capital Market - Live

The proposal of fund raising is subject to any regulatory/ statutory approvals, as may be required and the approval of the shareholders of the company. Nazara Technologies is a diversified gaming & sports media platform with presence in India and across emerging & developed global markets such as Africa and North America. It has offerings across the interactive gaming, eSports, ad-tech and gamified early learning ecosystems including World Cricket The company's consolidated net profit (from continuing operations) increased 13.23% to Rs 23.62 crore in Q1 FY25 from Rs 20.86 crore reported in Q4 FY23. Revenue from operations stood at Rs 250.08 crore in Q1 FY25, down 1.71% from Rs 254.43 crore reported in the same period a year ago. Shares of Nazara Technologies rallied 4.33% to end at Rs 1,050.40 on Friday, 13 September 2024. Powered by Capital Market - Live

Additionally, Nazara will inject Rs150 crore in primary capital into Moonshine via compulsory convertible preference shares. PokerBaazi is India's largest online poker platform, driving over 85% of Moonshine's net revenue, while its fantasy sports platform, SportsBaazi, contributes 12%. PokerBaazi had approximately 340,000 monthly active users as of May 2024. MTPL had recorded a turnover of Rs 414.9 crore and an EBITDA of Rs 41.2 crore during FY24. Nitish Mittersain, CEO of Nazara Technologies, said: 'This investment in Moonshine Technology represents a significant step in our journey to strengthen Nazara's position as India's dominant diversified gaming platform. PokerBaazi has not only emerged as the undisputed leader in online poker gaming in India but has also set new standards in user engagement, innovation, and overall experience. We're excited to join forces with Navkiran, Puneet, and the entire Moonshine team, whose vision and leadership have been instrumental in shaping the poker landscape in India.' Nazara Technologies is a diversified gaming & sports media platform with presence in India and across emerging & developed global markets such as Africa and North America. It has offerings across the interactive gaming, eSports, ad-tech and gamified early learning ecosystems including World Cricket. The gaming and sports media company's consolidated net profit (from continuing operations) increased 13.23% to Rs 23.62 crore in Q1 FY25 from Rs 20.86 crore reported in Q4 FY23. Revenue from operations stood at Rs 250.08 crore in Q1 FY25, down 1.71% from Rs 254.43 crore reported in the same period a year ago. The scrip fell 2.24% to currently trade at Rs 984.25 on the BSE. Powered by Capital Market - Live

Nazara Technologies has announced the acquisition of a 47.7% stake in Moonshine Technology (MTPL or Moonshine), the parent company of PokerBaazi, India's top online poker gaming platform, for Rs 832 crore through a secondary transaction. Additionally, Nazara will inject Rs 150 crore in primary capital into Moonshine via compulsory convertible preference shares. PokerBaazi is India's largest online poker platform, driving over 85% of Moonshine's net revenue, while its fantasy sports platform, SportsBaazi, contributes 12%. PokerBaazi had ~340,000 monthly active users as of May 2024. The company's success is attributed to its dynamic and forward-thinking leadership team, led by Founder & CEO Navkiran Singh and Co-Founders Puneet Singh, Varun Ganjoo, Avneet Rana, and Anirudh Chaudhry, whose combined efforts are driving the transformation of India's poker ecosystem. Powered by Capital Market - Live

Nazara Technologies will hold a meeting of the Board of Directors of the Company on 12 September 2024.Powered by Capital Market - Live

The total deal is worth Rs 300 crore, with Rs 225 crore paid as the first installment. 'The remaining balance shall be paid in the manner as outlined in the SPA and an update on the same will be provided in due course,' said the company. With this acquisition, Paperboat has now become a wholly-owned subsidiary of the company, and Kiddopia Inc., the wholly owned subsidiary of Paperboat, continues to remain a step-down subsidiary of the company, the firm stated in the press release. On 19 July 2024, Nazara Technologies had announced the acquisition of additional 48.42% stake in Paper Boat Apps for Rs 300 crore. The company had first acquired 50.91% stake in Paper Boat Apps in 2019. Nazara Technologies is a diversified gaming & sports media platform with presence in India and across emerging & developed global markets such as Africa and North America. It has offerings across the interactive gaming, eSports, ad-tech and gamified early learning ecosystems including World Cricket The gaming and sports media company's consolidated net profit (from continuing operations) increased 13.23% to Rs 23.62 crore in Q1 FY25 from Rs 20.86 crore reported in Q4 FY23. Revenue from operations stood at Rs 250.08 crore in Q1 FY25, down 1.71% from Rs 254.43 crore reported in the same period a year ago. Shares of Nazara Technologies rose 0.65%% to Rs 925.95 on the BSE. Powered by Capital Market - Live