Rakesh Jhunjhunwala-backed gaming firm Nazara Technologies files IPO papers with Sebi

Gaming firm Nazara Technologies has filed preliminary papers with capital markets regulator Sebi to float an initial public offering.

The company, backed by ace investor Rakesh Jhunjhunwala, is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.

Nazara’s public issue will see a sale of 49,65,476 equity shares by the promoters and existing shareholders, according to draft red herring prospectus (DRHP) filed on Thursday.