Nazara Technologies Raises INR 500 Crores Via Preferential Issue of Warrants

Nazara Technologies Limited (BSE: 543280 | NSE: NAZARA), India’s leading diversified gaming and sports media company, today announced a preferential issue of warrants aggregating to INR 500 crores, subject to shareholder and regulatory approvals.

Each warrant is convertible into one equity share and is being issued at a price of INR 260 per share, representing a premium to the current market price, reflecting strong investor confidence in Nazara’s growth strategy.

The round includes participation from Riambel Capital PCC, a SEBI-registered Category I Foreign Portfolio Investor, S Gupta Family Investments, Plutus Investment and Holding Private Limited (Promoter Group), Classic Enterprises, and Founders Collective.

The participation from the Promoter Group at the issue price further reinforces alignment and long-term confidence in the Company’s growth strategy.

The proceeds from this fundraise will primarily be used to support strategic acquisitions, including the recently announced Bluetile and BestPlay transaction, and to accelerate growth across the existing business verticals of the Company.

Nitish Mittersain, Jt. MD & CEO, Nazara Technologies said, “This INR 500 crore fundraise comes at an important phase in Nazara’s journey as we execute on our most ambitious growth initiatives, including the Bluetile and BestPlay acquisition. This fresh capital, combined with our acquisition strategy, positions Nazara to build globally scalable, AI-enabled gaming businesses and further strengthen our leadership in the sector.”

About Nazara Technologies:

Nazara Technologies is India’s only publicly listed gaming company. Its key businesses include Curve Games, Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother, Bigg Boss), World Cricket Championship and Sportskeeda, along with offline gaming businesses such as Funky Monkeys and Smaaash Entertainment. Nazara also operates Datawrkz, a digital ad tech business. With presence in India, North America, and other global markets, Nazara is building a global gaming platform with strong IP, publishing, and operating capabilities. Website: https://www.nazara.com/

Andhra Pradesh Ushers in India's Largest Steel Project as Naidu Govt Turns Vision into Reality

Andhra Pradesh is making waves in the 'Make in India' initiative with the laying of the foundation stone for ArcelorMittal Nippon Steel (AMNS), the massive Rs.1.36 lakh crore greenfield steel plant here on March 23. The project is billed as the largest in India and has an annual capacity of 17.8 million tonnes of finished steel and the potential to generate over 1 lakh jobs, fueling industrial growth and employment in Andhra Pradesh.

The foundation ceremony was attended by Indian and global dignitaries including Union Steel Minister H.D. Kumaraswamy, global steel magnate and owner of ArecelorMittal, Lakshmi Mittal, and his son Aditya Mittal, signaling Andhra Pradesh's emergence as a manufacturing powerhouse. Additional MoUs for skilling programs were also signed to ensure sustained job growth for locals.

But the project has been caught in political debate. Recently, YSRCP chief Y.S. Jagan Mohan Reddy claimed that his government planted the seeds through preliminary discussions with global leaders, including a 2022 Davos meeting with Aditya Mittal and preliminary MoU talks. However, despite these claims of initial talks, there had been no advancement in the project whatsoever, and no land was allotted or clearances given during that period. As a result, the project remained a stillborn one without any sign of progress.

When the TDP government returned to power through its alliance with the Janasena Party and Bharatiya Janata Party (BJP), CM Naidu’s governance took up this initiative and finalized the deal through direct talks and in just 21 months, clearances were obtained, four-lane links were built to NH-16, provided dedicated utilities were provided, transforming early discussions into a shovel-ready reality.

The AMNS project reflects the Andhra Pradesh government’s renewed drive to turn big ideas into tangible results. While early engagements laid the groundwork, the project’s rapid progression to on-ground implementation underscores a decisive governance approach focused on speed, infrastructure readiness, and investor confidence. As the state positions itself as a key manufacturing hub under Make in India, this development signals not only economic momentum but also long-term employment generation and industrial growth for the region. And this will stand as a shining example of industrial and economic growth for the entire country.

Tata Chemicals’ Mithapur Facility Achieves 1 Million Tonnes Soda Ash Production Milestone in FY 2025–26

Tata Chemicals Limited today announced a key operational milestone, with its Mithapur facility in Gujarat reaching 1 million tonnes of soda ash production in FY 2025–26.

Soda ash is the common name for sodium carbonate (Na₂CO₃), a white, odorless, alkaline powder widely used in glass, detergents, chemicals, and textiles. 

This milestone reflects the consistent efforts and strong collaboration across teams, including operations, maintenance, utilities, logistics, procurement, quality, safety, and other support functions. The contribution of the Marketing & Sales teams has also been instrumental in enabling this achievement.

To mark the occasion, employees at the Mithapur site came together, with senior leadership inaugurating a commemorative plaque and unveiling the miniature of one-millionth tonne bag of soda ash. The event served as a lasting reminder of the team’s commitment to operational excellence.

Rino Raj, Vice President and Site Head – Mithapur, Tata Chemicals Limited, said, "Reaching the 1 million tonne milestone is a direct outcome of the operational rigour and commitment demonstrated by our teams on the ground. From plant efficiency to reliability and safety, every function has contributed to ensuring consistent performance. This achievement belongs to the people at Mithapur who deliver excellence every single day."

Nandakumar S Tirumalai, Chief Financial Officer, Tata Chemicals Limited, added: "From a financial standpoint, this milestone reflects disciplined execution and a strong focus on cost optimisation and asset productivity. Sustained improvements in operational efficiency enable us to enhance margins while maintaining resilience in a competitive environment, supporting long-term value creation for our stakeholders."

This achievement further strengthens Tata Chemicals’ position in the global soda ash industry and underlines its focus on efficiency, reliability, and sustainable operations.

About Tata Chemicals Ltd.

A part of over US$ 180 billion Tata Group, Tata Chemicals Limited, is a leading supplier of choice to Glass, Detergent, Industrial and Chemical sectors. The company has a strong position in the crop protection business through its subsidiary company, Rallis India Limited. Tata Chemicals has world class R&D facilities in Pune and Bangalore.

Website: https://www.tatachemicals.com/

GPS Renewables’ Arya Secures Axis AMC Funding to Scale India’s Biogas Infrastructure

GPSR Arya, the asset platform of GPS Renewables, India's leading full-stack biofuels company, has raised mezzanine funding from Alternates by Axis AMC. The funding will be utilized to accelerate the development of compressed biogas (CBG) projects across India through GPSR Arya’s partnerships with public sector oil marketing companies including Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited.

The investment comes at a time when India is looking to strengthen domestic sources of clean fuels amid volatility in global energy markets. Currently, India is a net importer of natural gas, making the sector sensitive to geopolitical developments.

The ongoing instability in West Asia – and the resultant trade disruptions – have led to rationing and price hikes on LPG cylinders across the country. CBG, globally known as Renewable Natural Gas (RNG), is produced from organic waste on Indian soil, and is structurally insulated from these shocks. Its feedstock is domestic and its price does not move with geopolitical disruptions. It is increasingly being seen as a key alternative fuel that can support decarbonization and strengthen India’s energy security.

Mainak Chakraborty, CEO and Co-Founder, GPS Renewables, said, “Recent developments in the global energy market have highlighted the need and importance of building domestic fuel alternatives. CBG offers a unique advantage for India, given the abundance of locally available feedstock that can support the development of large-scale biofuel infrastructure. This deal reflects growing institutional recognition of biomethane and CBG both as a clean energy opportunity and as a strategic energy security asset.”

Commenting on the fundraise, Parag Parikh, CEO, GPS Renewables Arya, said, “As India accelerates its clean energy transition, the focus for the sector is now towards large and scalable biogas infrastructure. Through the Arya platform, our priority is to accelerate the development of biogas projects across the country by expanding capacity across multiple feedstocks and geographies. This funding will play a key role in building a nationwide network of CBG plants that can contribute toward reducing fossil fuel dependence and lowering greenhouse gas emissions.”

Nachiket Naik, Head – Structured Credit at Axis AMC, said, “The transaction, one of the first in the private credit space in the CBG sector, demonstrates Axis AMC’s commitment to deliver tailored solutions for emerging cleantech sectors. We see this investment as a step towards supporting the development of large-scale CBG projects that can accelerate India’s efforts towards clean energy transition”

The transaction was advised by Elements Financial Solutions Private Limited, which supported debt structuring, lender engagement, and documentation.

Over the past decade, GPS Renewables has built unmatched capabilities across technology, software, design & engineering, EPC, O&M, and project development. Today, the company is an 800-member strong organization. As a project developer, GPS Renewables is currently developing biogas projects with a capital outlay approaching USD 1 billion. The company’s focus is now expanding into more alternative fuels, including Sustainable Aviation Fuel (SAF).

The company’s landmark projects include Asia’s largest MSW-based CBG plant in Indore, the world’s fastest-executed CBG plant in Barabanki, and the upcoming world’s largest CBG complex in Kakinada (~67–70 TPD).

GPS Renewables' current pipeline includes 30+ operational or near-complete projects, with long-term visibility on over 200 CBG projects under development in partnership with oil marketing companies. Furthermore, GPS Renewables is the only Indian company with JVs with both IOCL and BPCL.

About GPSR (GPS Renewables) Group

Headquartered in Bengaluru, GPS Renewables (“GPSR”) is a leading full-stack, renewable oil & gas company offering technology and project solutions for climate-positive biofuel projects. Starting from captive biogas plants, GPSR has scaled up to set up some of the world’s largest RNG plants. In 2022, GPS Renewables launched GPSR Arya Pvt Ltd, to commission BOO (Build-Own-Operate) projects, augmenting its climate impact ambitions.

GPSR has formed joint ventures with Indian Oil, Bharat Petroleum, and Oil India to build compressed biogas (CBG) plants across India. These plants will process agricultural and organic waste, reduce carbon emissions, and support the government’s SATAT initiative.

Website: https://gpsrenewables.com/

New Cyber Rules to Raise Costs for India’s Space Startups

India’s new CERT-In cybersecurity framework is set to significantly raise compliance costs for space startups, requiring rapid incident reporting, mandatory CISOs, and security-by-design systems. These rules will force operational restructuring, heavier audits, and governance upgrades, making cybersecurity a core cost center for emerging players.

CERT-In, under the Ministry of Electronics and IT, in collaboration with SIA-India, released a comprehensive Space Cyber Security Framework at the DefSat 2026 conference in New Delhi.  

Key Compliance Requirements for Space Startups

• 6-hour breach reporting: Startups must report cyber incidents within six hours of detection, a sharp tightening compared to earlier flexible timelines.
• Mandatory CISO appointment: Even small startups must designate a Chief Information Security Officer, adding leadership and payroll costs.
• Security-by-design architecture: Systems must be re-engineered to embed cybersecurity at the design stage, not as an afterthought.
• Regular audits and real-time checks: Continuous monitoring and third-party audits will be required, increasing operational overhead.

Strategic Implications for India’s Space Sector

• Higher compliance costs: Startups will need to budget for governance structures, cybersecurity staff, and audit expenses.
• Operational restructuring: Incident response teams, governance boards, and system redesigns will become standard.
• Barrier to entry: Smaller startups may struggle to absorb these costs, potentially slowing innovation or pushing consolidation.
• Alignment with global standards: The framework positions India’s space ecosystem closer to international cybersecurity norms, critical for satellite communications and defense-linked projects.

Industry Context

• Collaboration with SIA-India: CERT-In worked with the Satcom Industry Association (SIA-India) to develop a comprehensive space cybersecurity framework, signaling government-industry alignment.
• Push for Space Activities Act: The guidelines highlight the need for a formal Space Activities Act, which could further codify responsibilities and liabilities for private players.
• National security dimension: With satellites supporting communication, navigation, disaster management, and defense, the framework reflects India’s strategic need to secure space assets.

Risks & Challenges

• Cost burden on startups: Compliance may divert funds from R&D to governance.
• Talent shortage: Finding qualified CISOs and cybersecurity professionals could be difficult for early-stage companies.
• Innovation slowdown: Smaller players may delay launches or partnerships due to compliance overhead.
• Global competitiveness: While aligning with international standards boosts credibility, it may also raise entry barriers compared to less regulated markets.

Bottom Line

The CERT-In cybersecurity framework is a double-edged sword: it strengthens India’s space ecosystem against cyber threats but imposes heavy compliance costs and structural changes on startups. For Gurugram-based and other Indian space ventures, success will hinge on balancing innovation with governance, possibly through shared compliance infrastructure or industry consortia.