{"id":506,"date":"2018-04-25T19:37:06","date_gmt":"2018-04-25T14:07:06","guid":{"rendered":"http:\/\/www.bazaarindicator.com\/news\/?p=506"},"modified":"2018-04-25T19:42:27","modified_gmt":"2018-04-25T14:12:27","slug":"one-company-nazara-technologies-gets-go-ahead-signal-sebi-ipo","status":"publish","type":"post","link":"http:\/\/www.bazaarindicator.com\/news\/one-company-nazara-technologies-gets-go-ahead-signal-sebi-ipo\/","title":{"rendered":"One More IT Company \u2013 Nazara Technologies Gets Go Ahead Signal from Sebi for IPO"},"content":{"rendered":"<p>Finally, one more IT company, Nazara Technologies gets green signal for IPO from market regulator Sebi.<\/p>\n<p style=\"text-align: justify;\">This is not publically-known name but having a high reputation in IT industries. It gets popularity worldwide after launching the games like World Cricket championship, Motu Patlu series and choota bheem.<\/p>\n<p>As per latest update, on Feb 1, Nazara filed papers to launch an IPP and obtained its \u201cobservatios\u201d on 20th April.<\/p>\n<p style=\"text-align: justify;\">FYI, For any company, to launch public issues like Follow-on-public (FPO) and initial public offer (IPO); Sebi&#8217;s observations are necessary. The public issue of Nazara technologies will see a sale of 5,543052 shares by the existing shareholders\u00a0 Mitter infotech and WestBridge Ventures Investment Holdings.<\/p>\n<p style=\"text-align: justify;\">The rationale behind this IPO is that the equity shares will definitely enhance the brand name &amp; provider liquidity to existing shareholders, explained by a company.<\/p>\n<p style=\"text-align: justify;\">Edelweiss Financial Services and ICIC securities will manage the IPO of Nazara Technologies. This IPO will be listed on NSE and BSE.<\/p>\n<p><strong>About Nazara Technologies:<\/strong><\/p>\n<p style=\"text-align: justify;\">It runs on gaming subscription services to Mobile internet users across the Middle East, Africa, Latin America, South East Asia and the Indian Subcontinent. It provides services across 60 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finally, one more IT company, Nazara Technologies gets green signal for IPO from market regulator Sebi. This is not publically-known&hellip;<\/p>\n","protected":false},"author":1,"featured_media":507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nazara Technologies Gets Go Ahead Signal from Sebi for IPO<\/title>\n<meta name=\"description\" content=\"Finally, one more IT company, Nazara Technologies gets green signal for IPO from market regulator Sebi. This is not publically-known name but having a high reputation in IT industries. 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