Nazara Technologies UK Provides £1 Million Loan to Subsidiary Curve Digital

1 min read     Updated on 25 Jul 2025, 08:36 PM
scanxBy ScanX News Team
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Overview

Nazara Technologies UK Limited, a wholly-owned subsidiary of Nazara Technologies Limited, has entered into a loan agreement with its subsidiary Curve Digital Entertainment Ltd (CDEL). The unsecured loan of up to £1,000,000 (approx. ₹12.00 crores) will support CDEL's working capital needs, potential acquisitions, and expansion plans. The loan, to be disbursed in tranches, is classified as a related party transaction but is exempt from certain regulatory requirements. No amount has been disbursed yet, and the transaction is reported to be on an arm's length basis.

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*this image is generated using AI for illustrative purposes only.

Nazara Technologies Limited , a prominent player in the gaming and sports media sector, has announced a significant financial move involving its UK subsidiaries. The company's wholly-owned subsidiary, Nazara Technologies UK Limited (Nazara UK), has entered into a loan agreement with Curve Digital Entertainment Ltd (CDEL), which is in turn a wholly-owned subsidiary of Nazara UK.

Loan Details

The loan agreement, executed on July 24, 2025, allows Nazara UK to provide an unsecured loan of up to £1,000,000 (approximately ₹12.00 crores) to CDEL. This financial arrangement is designed to support various business initiatives of Curve Digital Entertainment, including:

  • Working capital requirements
  • Potential acquisitions
  • Expansion plans

The loan will be disbursed in one or more tranches, providing flexibility to CDEL in managing its financial needs.

Transaction Classification

While this transaction falls under the category of a related party transaction, it is exempted from certain regulatory requirements under Regulation 23(5)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. This exemption applies because the transaction is between two wholly-owned subsidiaries of Nazara Technologies Limited.

Financial Implications

The loan agreement represents a strategic move by Nazara Technologies to support the growth and operational needs of its UK-based subsidiary. Key points to note about the financial arrangement include:

  • The loan is unsecured, indicating a high level of trust within the corporate structure.
  • As of the disclosure date, no amount has been disbursed under this agreement.
  • The transaction is reported to be on an arm's length basis, ensuring fair terms for all parties involved.

Corporate Structure

This financial arrangement highlights the intricate structure of Nazara Technologies' international operations:

Entity Relationship
Nazara Technologies Limited (India) Parent company
Nazara Technologies UK Limited Wholly-owned subsidiary of the Indian parent
Curve Digital Entertainment Ltd Wholly-owned subsidiary of Nazara UK

Market Impact

The move underscores Nazara Technologies' commitment to supporting its international subsidiaries and potentially signals upcoming strategic initiatives in the UK market. As the gaming and sports media sectors continue to evolve rapidly, such financial flexibility could prove crucial for Curve Digital Entertainment's competitive positioning and growth strategies.

Investors and market watchers will likely keep a close eye on how this loan is utilized and its impact on Nazara's overall international operations and financial performance in the coming quarters.

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Nazara Technologies' Subsidiaries Ink Inter-Corporate Loan Agreements Worth ₹24 Crore

1 min read     Updated on 24 Jul 2025, 08:39 PM
scanxBy ScanX News Team
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Overview

Two subsidiaries of Nazara Technologies have entered into loan agreements totaling ₹24 crore. Paper Boat Apps will lend USD 13,96,781 (₹12 crore) to Kiddopia Inc., while Kiddopia Inc. will lend GBP 10,00,000 (₹12 crore) to Nazara Technologies UK Limited. The loans are for inter-corporate lending within the group for business purposes. These related party transactions are exempted under listing regulations as they involve wholly-owned subsidiaries. The company disclosed this information in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Nazara Technologies Limited , a leading gaming and sports media company, has disclosed that two of its subsidiaries have entered into significant loan agreements, totaling approximately ₹24.00 crore. The transactions, executed on July 23, 2025, are aimed at facilitating inter-corporate lending for business purposes within the group.

Loan Agreement Details

The first agreement involves Paper Boat Apps Private Limited, a wholly-owned subsidiary of Nazara Technologies, providing an unsecured loan of up to USD 13,96,781 (approximately ₹12.00 crore) to Kiddopia Inc., its own wholly-owned subsidiary.

In the second agreement, Kiddopia Inc. will lend up to GBP 10,00,000 (approximately ₹12.00 crore) to Nazara Technologies UK Limited, another wholly-owned subsidiary of Nazara Technologies.

Purpose and Disbursement

Both loans are intended for extending inter-corporate loans to fellow subsidiaries for their business purposes. The funds will be disbursed in one or more tranches, subject to compliance with applicable laws.

Related Party Transactions

While these transactions qualify as related party transactions, they are exempted under listing regulations as they involve wholly-owned subsidiaries. The company has assured that the transactions are conducted on an arm's length basis.

Current Outstanding Loans

As of the disclosure date, the outstanding loan amounts are:

Agreement Amount
Agreement I ₹70.00 crore
Agreement II GBP 1,54,08,696

Regulatory Compliance

Nazara Technologies has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information about the agreements to the stock exchanges, including the purpose, size, and terms of the loans.

This move by Nazara Technologies to facilitate inter-subsidiary lending showcases the company's strategy to optimize its financial resources within its group structure. As the gaming and sports media sector continues to evolve rapidly, such financial flexibility could potentially support various business initiatives across the company's subsidiaries.

Historical Stock Returns for Nazara Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
-1.66%-2.79%+5.45%+46.82%+52.51%+74.69%
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