Mobile Gaming Company Nazara Technologies Declares Record Date For Bonus Issue

Leading mobile game company Nazara Technologies has declared the record date for the planned bonus issue of shares. Earlier the company's board of directors on May 13,2022 considered and approved the recommendation for Bonus issue of 1 equity share for every one share held. Check the record date below:

1. Nazara Technologoes Ltd announces record date

The company has fixed the record date as June 27 for the anticipated bonus issue of share. "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is hereby informed that the Board of Directors of the Company has fixed Monday, June 27, 2022 as the Record Date, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up equity shares of Rs. 4/- each for every 1 (One) fully paid up existing equity share of Rs. 4/- each held, subject to the approval of shareholders which is being obtained by way of Postal Ballot through remote e-voting."

2. What is bonus share?

Bonus shares are the additional shares that existing shareholders get without shelling out any extra charges based on the total number of share that the shareholder owns. These are also described as company's accumulated earnings that are not given in dividend forms but transformed in the form of bonus shares.

There are many benefits of bonus shares. The shareholder benefits as the stock price rises and become eligible to receive dividend as and when it is declared.

3. Nazara Technologies Stock Outlook

The current market price of the stock is Rs 1049 apiece with a loss of 2.42%. The 52-week high and 52-week low of the stock is Rs 3356 apiece and Rs 1037 apiece, respectively.

4. Nazara Technologies Q4 Report

The company has declared a surge of 17% in its consolidated profits to Rs 4.9 crore for Q4 ending March 2022. The company has declared a profit of Rs 4.2 crore in the same quarter a year ago. Revenue also jumped to Rs 175 crore in Q4 ending March 31 as compared to Rs 123 crore in the same quarter a year ago, a rise of 42%.

5. About Nazara Technologies

Nazara Tech is a leading India based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports and gamified early learning ecosystems, according to its official website. The market capitalization is Rs 3,444 crore.