Nazara Technologies gets Sebi’s go-ahead for IPO
Mobile gaming company Nazara Technologies has received markets regulator Sebi’s go-ahead to float an initial public offering. The company is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series. Nazara, which filed draft papers with Sebi to launch an IPO on February 1, obtained its “observations” on April 20, as per the latest update with the markets watchdog. Sebi’s observations are necessary for any company to launch public issue like initial public offer (IPO), follow-on public offer (FPO) and rights issue. Going by the…
Read More