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.
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