Nazara Technologies board to consider bonus issue, stock split on Aug 12; stock jumps 2%
ADVERTISEMENT In a regulatory filing, the company said the board will also consider the unaudited financial results for the quarter ended June 30, 2025.
'Pursuant to Regulation 29 of the Listing Regulations, we wish to inform you that the Meeting of the Board of Directors of Nazara Technologies Limited (the 'Company') is scheduled to be held on Tuesday, August 12, 2025, to consider, inter-alia, the following: 2. Subject to approval of the shareholders of the Company and other requisite approvals: i) Sub-division/split of existing equity shares of face value of INR 4/- each; and ii) Issuance of bonus shares,' the company's filing to the stock exchanges said.
The trading window for insiders and designated persons has been closed since July 1 and will remain shut until 48 hours after the outcome of the board meeting is disclosed.According to the data available on Trendlyne, Nazara Technologies issued bonus shares to its shareholders once in June 2022, in a 1:1 ratio. If approved, this will be the first-ever instance of the company going for a stock split.Over the past one year, the shares of Nazara Technologies have gained 53.96%, while the year-to-date (YTD) return stands at 37.37%. In the last six months, it has risen 43.54%, and over a three-month period, the stock has delivered a return of 36.81%. The one-month gain, however, has been marginal at 0.12%.
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Also read: Samir Arora sees investment opportunities in companies reshaping consumer behaviour
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