The company said in a regulatory filing that the warrants, converted into equity shares, worth Rs. 260 (including premium of Rs. 258) were issued.
Nazara received 25 percent of the warrant issue price as upfront subscription amount, totaling Rs. 118.50 crores.
According to the filing, Riambel Capital PCC-RCC1 was the largest allocator, which raised Rs. 94.85 lakh warrants were obtained for an upfront payment of 61.65 crores.
S Gupta Family Enterprise Pvt Ltd was allotted 40 lakh warrants (Rs 26 crore), while Founders Collective Fund was allotted 9 lakh warrants (Rs 5.85 crore).
In addition, Plutus Investments and Holdings Private Limited received Rs. 24.99 crore 38.46 lakh warrants were allotted.
Nazara noted that Pluto will be classified as a member of the promoter group from the date of this allotment, as it is associated with certain existing promoters.
Warrant holders are entitled to convert the warrants into fully paid-up equity shares in one or more stages within 18 months from the date of allotment, on payment of the remaining 75 per cent of the issue price.
The total number of warrants allotted was slightly less than originally proposed.
“One of the proposed allotments… purporting to allot 10,00,000 warrants of INR 26,00,00,000 in total became ineligible prior to the date of allotment in terms of Chapter V of the SEBI ICDR Regulations,” the filing said.
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