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Home Business Nazara Tech Says Rs 60 Crore Successfully Shifted From Silver Valley Bank...

Nazara Tech Says Rs 60 Crore Successfully Shifted From Silver Valley Bank To Other Bank Accounts


The steadiness Rs 4 crore stays in SVB accounts for unrestricted operational use, Nazara stated. (File)

New Delhi:

Nazara Applied sciences right now stated that out of Rs 64 crore held by its two-step down subsidiaries in Silicon Valley Financial institution, Rs 60 crore has been efficiently transferred to financial institution accounts outdoorsSVB.

The steadiness Rs 4 crore stays in SVB accounts for unrestricted operational use, the corporate stated in a regulatory submitting.

Nazara knowledgeable that each the businesses — Kiddopia Inc and Mediawrkz Inc — have been given unrestricted entry to your complete quantity of USD 7.75 million (Rs 64 crore) that was held at SVB.

“From this quantity, a sum of USD 7.25 million (Rs 60 crore) has been transferred to financial institution accounts outdoors of SVB and the steadiness quantity of USD 0.5 million (Rs 4 crore) stays in SVB accounts for unrestricted operational use,” the corporate stated.

(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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