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Latest news about Nazara Technologies

Nazara Technologies' Subsidiary Acquires Majority Stake in AFK Gaming 5 days ago

Nazara Technologies' subsidiary, Nodwin Gaming, has acquired a 92.3% stake in AFK Gaming for ₹7.58 crore. The deal includes a cash component of ₹4.59 crore and a share swap valued at ₹2.99 crore. AFK Gaming's founders will join Nodwin Gaming's leadership team as part of the agreement. This acquisition aims to strengthen Nodwin's position in esports and gaming content creation.

Nazara Technologies Acquires Prime Timer IP Rights for $500,000 9 days ago

Nazara Technologies Extends Deadline for AFK Gaming Acquisition Jun 25, 2025

Nazara Technologies Enters VR Gaming Market with Pokerverse VR Launch Jun 16, 2025

Rekha Jhunjhunwala Exits Nazara Technologies Amid Stock Surge and Strong Q4 Results Jun 16, 2025

More news about Nazara Technologies

13Jun 25

Nazara Technologies Soars as Jhunjhunwala Entity Exits with ₹159 Crore Block Deal

An entity associated with late investor Rakesh Jhunjhunwala sold 13 lakh shares of Nazara Technologies in a block deal valued at ₹159.00 crore. The shares were sold at ₹1,225.19 each, a 2% discount to the previous closing price. Despite the large sale, Nazara's stock price surged, hitting a new 52-week high of ₹1,341.80 and closing at ₹1,325.00, up 6.27%. The market's positive reaction suggests strong investor confidence in Nazara's prospects and the gaming sector's potential.

11Jun 25

Nazara Technologies Faces Open Offer: 26% Stake Valued at Rs 2,384 Crore

A consortium of investors including Plutus Wealth Management, Axana Estates LLP, and Junomoneta Finsol has announced an open offer to acquire a 26% stake in Nazara Technologies, a leading Indian gaming and sports media company. The offer is valued at Rs 2,384.00 crore, with a price of Rs 990.00 per share. This development could potentially reshape Nazara's ownership structure and presents an opportunity for existing shareholders.

11Jun 25

Nazara Technologies: Rekha Jhunjhunwala Offloads ₹218 Crore Stake

Rekha Jhunjhunwala sold 17.38 lakh shares of Nazara Technologies between June 2 and June 6, reducing her stake from 7.05% to 5.07%. The transaction value was approximately ₹218.00 crore, with an average price per share of ₹1,255.40.

11Jun 25

Rekha Jhunjhunwala Trims Stake in Nazara Technologies

Rekha Jhunjhunwala has sold 17.38 lakh shares (1.98% equity) of Nazara Technologies between June 2 and June 6, reducing her stake from 7.05% to 5.07%. This significant shareholding change in the Indian gaming and sports media company may impact market perception and investor sentiment.

07Jun 25

Nazara Technologies Acquires Smaaash Entertainment for ₹126 Crore, Expanding into Location-Based Entertainment

Nazara Technologies has completed the acquisition of Smaaash Entertainment for ₹126 crore, making it a wholly owned subsidiary. The deal includes a ₹10 crore equity infusion and a ₹116 crore loan to settle creditor dues. This strategic move marks Nazara's expansion into location-based entertainment, diversifying from its core digital gaming and esports focus. The acquisition, approved by the National Company Law Tribunal, positions Nazara as a more comprehensive entertainment provider across digital and physical spaces.

07Jun 25

Nazara Technologies Sets Ambitious Goal to Double EBITDA in Two Years

Nazara Technologies, a leading Indian gaming and sports media company, has set a target to double its EBITDA over the next two years. The company reported an EBITDA of ₹38.10 crore for Q1 2025, up 70.09% from five years ago but down 34.98% from the previous quarter. Nazara's Q1 2025 revenue was ₹538.90 crore, showing a 77.33% increase over five years. However, net profit for the same quarter decreased by 70.07% to ₹4.10 crore, with operating profit margin falling to 3.73%. The company faces challenges in profitability despite strong revenue growth, indicating a need for improved operational efficiency.

30May 25

Nazara Technologies' Subsidiary Nodwin Gaming Boosts International Presence with $3.8M Investment

Nodwin Gaming, a subsidiary of Nazara Technologies, has invested $3.80 million in Nodwin Gaming International to strengthen its global presence in the esports and gaming industry. This strategic move aims to capitalize on the growing global esports market and potentially access new revenue streams. The investment could expand market reach, increase consolidated revenues, and strengthen the competitive position of both Nodwin Gaming and Nazara Technologies in the international gaming landscape.

27May 25

Nazara Technologies: Mixed Q4 Results Lead to 'Add' Rating from Dolat Capital

Nazara Technologies saw a 95% year-on-year increase in Q4 operating revenue, reaching Rs 520.20 crore. Net profit rose to Rs 4.00 crore from Rs 0.18 crore. Total expenses increased by 85% to Rs 527.70 crore. Dolat Capital revised its rating to 'Add' and increased the target price. The company plans to focus on accelerating growth through FY26 via organic expansion and recent acquisitions, along with global expansion plans.

26May 25

Nazara Technologies: Q4 Profit Doubles, Revenue Surges 95% YoY

Nazara Technologies, a leading gaming and sports media company, has reported exceptional Q4 results. Revenue from operations increased by 95% year-over-year to Rs 520.00 crore, while consolidated net profit grew by 90% to Rs 16.00 crore. The company achieved record EBITDA of Rs 153.50 crore for the full fiscal year, with total revenues reaching Rs 1,624.00 crores. Nazara has expanded into narrative mobile gaming and offline entertainment sectors, positioning itself for continued growth in the digital entertainment landscape.

23May 25

Nazara Technologies Sets Date for Q4 and FY24 Results Announcement

Nazara Technologies will release its Q4 and FY24 financial results on May 26. The board meeting is scheduled to approve the audited results, followed by an earnings call with investors at 4:30 p.m. The trading window for insiders is closed until 48 hours after the results declaration, ensuring regulatory compliance.

20May 25

CCI Greenlights Majority Stake Acquisition in Nazara Technologies

The Competition Commission of India (CCI) has approved the acquisition of a majority stake or control in Nazara Technologies Ltd by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Pvt Ltd. Nazara Technologies is a leading mobile gaming and sports media platform company in India. While specific details of the stake sizes and financial terms are undisclosed, this move is expected to impact Nazara's strategic direction and market position in the rapidly growing Indian gaming industry.

20May 25

Nazara Technologies: CCI Approves Majority Stake Acquisition by Three Entities, Plans UK Subsidiary Acquisition

Nazara Technologies has received approval from the Competition Commission of India for the acquisition of a majority stake by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Additionally, Nazara's board has approved the acquisition of its UK subsidiary for ₹247.00 crore. These moves signify potential shifts in ownership structure and international expansion for the gaming and sports media company.

08May 25

Nazara Technologies Secures NCLT Approval for Smaaash Entertainment Acquisition

Nazara Technologies has received NCLT approval to acquire Smaaash Entertainment Private Limited, known for VR and AR-based entertainment centers. Simultaneously, the company divested 94.86% of its stake in Openplay Technologies to Moonshine Technology for ₹104.34 crores through CCPS. These moves suggest a strategic realignment, with Nazara diversifying its entertainment portfolio while potentially streamlining operations.

07May 25

Nazara Technologies' Resolution Plan for Smaaash Entertainment Approved by NCLT, Fraudulent Brand Transfer Declared Void

Nazara Technologies has received NCLT approval for its resolution plan to acquire Smaaash Entertainment, currently under insolvency. The NCLT declared the previous transfer of the Smaaash brand to another company as fraudulent and void. This acquisition allows Nazara to diversify into physical entertainment spaces, expanding its market presence beyond digital gaming. The move could lead to innovative gaming solutions by combining Nazara's digital expertise with Smaaash's physical infrastructure.

07May 25

Nazara Technologies' Subsidiary Inks Deal to Bring 500+ Pro Cricketers to World Cricket Championship

Nazara Technologies' subsidiary Nextwave Multimedia has partnered with Winners Alliance to add over 500 professional cricket players to the World Cricket Championship game franchise. This collaboration aims to enhance realism and user engagement in the popular mobile game, potentially boosting Nazara's position in the sports gaming market.

06May 25

Nazara's NextWave Multimedia Enhances World Cricket Championship with Pro Player Integration

NextWave Multimedia, a subsidiary of Nazara Technologies, has partnered with Winners Alliance to integrate over 500 professional cricket players into their World Cricket Championship (WCC) game franchise. This collaboration aims to enhance gaming realism and user engagement by allowing players to play as or against real professional cricketers. The move is expected to strengthen Nazara's market position, attract new users, and potentially open up new revenue streams through player-specific in-game content.

26Mar 25

Nazara Technologies Divests Majority Stake in Sports Unity Private Limited

Nazara Technologies Limited has announced the sale of its 71.54% stake in Sports Unity Private Limited (SUPL) to Mr. Shyamal Mehta for INR 7,15,404. The transaction, disclosed on March 25, 2025, will result in SUPL ceasing to be a subsidiary of Nazara. The divestment is expected to have minimal financial impact, as SUPL contributed only 0.003% to Nazara's consolidated turnover and -0.025% to its net worth in FY 2024. The sale appears to be a strategic move to streamline Nazara's portfolio, given that SUPL reportedly has no current business operations.

25Mar 25

Nazara Technologies Divests Majority Stake in Subsidiary SUPL

Nazara Technologies Limited has agreed to sell its entire 71.54% stake in Sports Unity Private Limited (SUPL) to Mr. Shyamal Mehta for ₹7,15,404. The transaction, announced on March 25, 2025, will result in SUPL ceasing to be a subsidiary of Nazara. SUPL's contribution to Nazara's financials was minimal, with a turnover of ₹3,80,000 in FY 2024 and a negative net worth of ₹-48,50,189. The divestment appears to be a strategic move to streamline Nazara's corporate structure, as SUPL reportedly has no active business operations.

19Mar 25

Nazara Technologies Completes Full Acquisition of Absolute Sports

Nazara Technologies has acquired the remaining 8.97% stake in Absolute Sports for ₹691.70 million, making it a wholly-owned subsidiary. The transaction involved purchasing 18,330 shares at ₹1.00 face value each. This acquisition follows a previous intimation and was executed through Share Purchase Agreements dated December 02, 2024. Nazara also announced its participation in the 'Arihant Capital - Bharat Connect Conference: Rising Stars' on March 27, 2025.

18Mar 25

Nazara Technologies Completes Full Acquisition of Absolute Sports

Nazara Technologies has acquired the remaining 8.97% stake in Absolute Sports for ₹691.70 million, making it a wholly-owned subsidiary. The transaction involved purchasing 18,330 equity shares at ₹1 face value each through Share Purchase Agreements. This move strengthens Nazara's position in the sports media sector. The company has also scheduled an analyst and institutional investor meeting for March 27, 2025.

13Mar 25

Nazara Technologies: COO Resigns Amid Q3 Profit Decline and Subsidiary's Loan Agreement

Nazara Technologies announced COO Sudhir Kamath's resignation effective April 1, 2025. Q3FY25 results show 67% revenue growth to Rs 534.6 crore, but 53% decline in net profit to Rs 13.6 crore due to 76% increase in expenses. Subsidiary Openplay Technologies entered a loan agreement with associate Moonshine Technology for up to Rs 20 crore, with an option to convert to CCPS in case of default.

11Mar 25

Nazara Technologies' Subsidiary Backs €1.56 Million Loan for Freaks 4U Gaming

Nazara Technologies' material subsidiary, Nodwin Gaming, has provided a guarantee of up to €1.56 million (₹14.73 crore) for a loan to be taken by Freaks 4U Gaming GmbH, a step-down subsidiary. The loan is intended for working capital, expansion, and other business purposes. Nodwin Gaming's guarantee is described as 'Irrevocable, Absolute and Unconditional'. The transaction complies with SEBI regulations and is conducted on an arm's length basis. Currently, there's no direct impact on Nazara Technologies beyond including the guarantee as a Contingent Liability in its Consolidated Financial statements.

10Mar 25

Nazara Technologies' Subsidiary Backs €1.56 Million Loan for Freaks 4U Gaming

Nazara Technologies' material subsidiary, Nodwin Gaming, has provided a guarantee of up to €1.56 million (₹14.73 crore) to secure a loan for its step-down subsidiary, Freaks 4U Gaming GmbH. The loan, provided by Co-Investor FRE GmbH & Co. KG, is intended for working capital, expansion, and other business needs. The guarantee is irrevocable and unconditional, covering the loan amount, interest, and incidental charges. Nazara Technologies states that this transaction is on an arm's length basis and will be included as a Contingent Liability in their Consolidated Financial statements.

08Mar 25

Nazara Technologies Reshapes Gaming Portfolio: Sells OpenPlay to Moonshine for ₹104.34 Crore

Nazara Technologies is selling its 94.86% stake in OpenPlay Technologies to Moonshine Technology for ₹104.34 crore through a share swap. OpenPlay, known for 'Classic Rummy', contributed 3.29% to Nazara's turnover last fiscal year. The deal, expected to close within 60 days, aligns with Nazara's portfolio optimization strategy. Moonshine, owner of PokerBaazi, aims to create a comprehensive RMG ecosystem with this acquisition. Nazara also approved a potential ₹20 crore loan from OpenPlay to Moonshine and a $250,000 investment in ReelSaga Innovations.

25Feb 25

Nazara Technologies Expands Gaming Portfolio with 60% Stake in Funky Monkeys

Nazara Technologies has acquired a 60% stake in Funky Monkeys Play Centre Private Limited for ₹43.7 crore. The acquisition was completed through a two-part transaction: a 21.43% stake via share allotment for ₹15 crore and a 38.57% stake through share purchase for ₹28.7 crore. This strategic move expands Nazara's portfolio in the gaming sector, potentially entering the physical play centre space and strengthening its market presence.

24Feb 25

Nazara Technologies Expands Gaming Portfolio with 60% Stake in Funky Monkeys

Nazara Technologies has acquired a controlling 60% stake in Funky Monkeys Play Centre Private Limited for ₹43.7 crore. The acquisition was completed through a two-part transaction: a 21.43% stake via share allotment for ₹15 crore, and a 38.57% stake through share purchase from existing shareholders for ₹28.7 crore. This strategic move expands Nazara's presence in the gaming sector and diversifies its portfolio. Funky Monkeys is now a subsidiary of Nazara Technologies.

19Feb 25

Nazara Technologies Expands Stake in Datawrkz and Issues New Shares Under ESOP

Nazara Technologies has acquired an additional 22% stake in Datawrkz for Rs. 21 crore, increasing its total holding to 55%. The company also allotted 61,948 equity shares under its ESOP 2023 scheme at Rs. 662 per share, raising the total paid-up share capital to 8,76,16,256 shares.