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Latest news about Nazara Technologies

Nazara Technologies Subsidiary Secures $4 Million Investment from Griffin Gaming Partners 7 hours ago Today

Nazara Technologies Limited has entered into a subscription agreement with Griffin Gaming Partners II, L.P for a $4 million investment in its wholly-owned subsidiary, Nazara Technologies FZ LLC (Nazara Dubai). The investment will be structured in tranches, with an initial $1.34 million upfront and the remaining $2.66 million over three years. This strategic partnership aims to strengthen Nazara's global gaming presence, offering networking opportunities, ecosystem access, potential partnerships, M&A deal flow, and co-investment prospects in the gaming industry.

Nazara Technologies Cancels Rs 15.90 Crore Acquisition Deal Amid New Gaming Regulations 5 days ago

Nazara Technologies' Subsidiaries Ink Loan Agreements Worth ₹17.73 Crores 10 days ago

Nazara Technologies: Stock Plunge, Insider Trading Allegations, and Financial Support for UK Subsidiary Aug 25, 2025

Rekha Jhunjhunwala Exits Nazara Technologies Ahead of Gaming Regulation Changes Aug 24, 2025

More news about Nazara Technologies

22Aug 25

Nazara Tech's Pokerbaazi Halts Real Money Gaming Operations Amid New Legislation

Nazara Technologies' associate, Moonshine Technologies (Pokerbaazi), has suspended its real money online gaming operations in response to the Promotion and Regulation of Online Gaming Bill, 2025. The bill prohibits all forms of online money gaming and imposes strict penalties for violations. Nazara, which holds a 46.07% stake in Pokerbaazi, saw its shares drop 3.75% to ₹1,160.00, marking a 16.50% decline over five trading sessions. The company is evaluating its future course of action following the bill's enactment.

21Aug 25

Rekha Jhunjhunwala Exits Nazara Technologies Amid Regulatory Concerns

Rekha Jhunjhunwala has sold her entire 7.06% stake (61.8 lakh shares) in Nazara Technologies for approximately Rs 334 crore at Rs 1,225 per share. ICICI Securities downgraded Nazara to 'reduce' with a target price of Rs 1,100, citing regulatory concerns related to Moonshine Technology (PokerBaazi). Nazara clarified it has no direct exposure to real money gaming businesses and Moonshine's revenue is not consolidated into its financials. The transaction highlights regulatory challenges in the Indian online gaming sector.

20Aug 25

Nazara Tech Reports Strong Q1 FY26 Growth, Deconsolidates Nodwin Gaming

Nazara Technologies posted strong Q1 FY26 results with revenue up 99% to ₹498.80 crore and PAT increasing 118% to ₹51.30 crore. The company plans to deconsolidate Nodwin Gaming, retaining a 46-47% stake. Gaming segment revenue grew 160% year-on-year, with notable performances from Curve Games, Fusebox Games, Kiddopia, and Animal Jam. Nazara expanded into offline gaming through Smaaash and Funky Monkeys acquisitions. PokerBaazi reported record quarterly revenue but faced EBITDA loss due to marketing costs. The company remains confident in achieving its FY27 EBITDA guidance of ₹300.00 crore.

19Aug 25

Nazara Technologies Reports Strong Q1 FY26 Results, Proposes Strategic Moves

Nazara Technologies posted impressive Q1 FY26 results with 99% YoY revenue growth to ₹498.80 crore and 118% YoY PAT growth to ₹51.30 crore. The company announced strategic moves including the proposed deconsolidation of Nodwin Gaming, appointment of Rohit Sharma as Executive Director, and shareholder initiatives like stock split and bonus issue. Gaming segment showed strong performance with 160% YoY revenue growth and 24.4% EBITDA margin. Recently acquired Curve Games and other segments like Fusebox Games, Kiddopia, and Animal Jam also contributed positively to the results.

19Aug 25

Nazara Technologies Reports 99% Revenue Surge, Plans Strategic Restructuring

Nazara Technologies posted 99% YoY revenue growth to ₹498.80 crores, with EBITDA up 90% YoY to ₹47.40 crores. PAT increased 118% YoY to ₹51.30 crores. The company plans to deconsolidate Nodwin Gaming, acquired Curve Digital Entertainment for ₹247.00 crores, and completed Smaaash acquisition. Board approved share subdivision and 1:1 bonus issue. Segment-wise, Fusebox Games grew 49%, PokerBaazi reported highest quarterly revenue but faced EBITDA loss due to marketing expenses. Sportskeeda saw 21% revenue decline due to Google algorithm update.

18Aug 25

Nazara Technologies Faces Potential Impact as Government Proposes 40% GST for Online Gaming

The Indian government has proposed a 40% Goods and Services Tax (GST) rate for the online gaming sector, a significant increase from the current structure. This could affect companies like Nazara Technologies, potentially increasing operational costs, altering pricing strategies, and impacting user experience. The industry may need to reassess financial projections, product portfolios, and market positions. Industry stakeholders are expected to engage in discussions with the government regarding this proposal.

16Aug 25

Nazara Technologies Proposes Share Split, Bonus Issue, and Key Management Changes

Nazara Technologies has proposed significant corporate actions including increasing authorized share capital from Rs. 50 crores to Rs. 80 crores, a 2:1 stock split, and a 1:1 bonus share issue. The company also announced key management appointments, including Rohit Sharma as Executive Director, and proposed remuneration packages for existing directors. These changes will be subject to shareholder approval through a postal ballot with e-voting from August 17 to September 15, 2025.

15Aug 25

Nazara Technologies Completes Datawrkz Acquisition, De-Subsidiarises Nodwin Gaming

Nazara Technologies has completed two major corporate actions. It finalized the acquisition of a 55% stake in Datawrkz Business Solutions, strengthening its ad-tech capabilities. Additionally, Nazara amended its agreement with Nodwin Gaming, relinquishing key control rights while retaining a 46.87% stake. Nodwin will now be reclassified as an associate rather than a subsidiary. These moves aim to reshape Nazara's business structure and investments in the gaming and digital media landscape.

12Aug 25

Nazara Technologies Board Approves Stock Split, Bonus Shares, and Leadership Changes

Nazara Technologies has approved several corporate actions, including a 2:1 stock split, 1:1 bonus share issuance, and an increase in authorized share capital from Rs. 50 crores to Rs. 80 crores. The company reported quarterly revenue of Rs. 49,877 lakhs and profit of Rs. 407 lakhs. Leadership changes include the appointment of Rohit Sharma as Executive Director and the resignation of Rajiv Agarwal. The stock has shown strong performance with a 40% year-to-date increase.

06Aug 25

Nazara Tech to Consider Bonus Issue and Stock Split on August 12

Nazara Technologies Limited has scheduled a board meeting for August 12, 2025, to discuss potential corporate actions including a stock split and bonus issue. The board will also review Q1 FY2026 financial results. The company has closed its trading window from July 1, 2025, until 48 hours after the meeting outcome announcement to prevent insider trading.

05Aug 25

Online Gaming Companies Classified as 'Suppliers' for GST, HSN Code Requirement Removed

The Indian government has announced a new classification for online gaming companies under GST. They are now classified as 'suppliers', and the requirement for HSN codes for GST payment has been removed. This change is expected to impact tax obligations, simplify compliance procedures, and create a more uniform approach to GST application in the online gaming sector.

02Aug 25

Rekha Jhunjhunwala Exits Nazara Technologies, Sells Entire Stake for Rs 334 Crore

Rekha Jhunjhunwala has completely divested her stake in Nazara Technologies, a gaming and sports media company. She sold 27 lakh shares across BSE and NSE for approximately Rs 334 crore. Nazara's stock has performed well, delivering 111% returns over three years and 40.01% in the past year. Other notable investors like Madhusudan Kela and Nikhil Kamath maintain their stakes. Jhunjhunwala's portfolio now includes 25 stocks valued at over Rs 38,918 crore, with her net worth reaching Rs 42,252.90 crore, a 149% increase from March 2023.

01Aug 25

Nazara Technologies Could Benefit from Google's Proposed Rule Changes for Real-Money Gaming Apps in India

Google has proposed rule changes that could allow more real-money gaming applications on its Play Store in India. This development could benefit companies like Nazara Technologies, a leading player in the Indian gaming sector. The potential changes may increase accessibility to real-money gaming apps for Android users, expand the market, intensify competition, and raise regulatory considerations. The gaming industry is closely watching these developments as they could significantly reshape the landscape of real-money gaming apps in India.

01Aug 25

STAN Secures $8.5M Funding from Google, Nazara, and Gaming Giants

STAN, an Indian mobile-native social gaming platform, has secured $8.5 million in funding from investors including Google's AI Futures Fund, Nazara Technologies, Bandai Namco, Square Enix, and Reazon Holdings. Founded in 2022, STAN has achieved over 25 million downloads and 25x growth in two years, focusing on Gen Z gamers in India's Tier-2 and Tier-3 cities. The platform offers voice-led Clubs, live game integrations, creator monetization, and AI-powered personalization. Funds will be used for expansion, AI development, SDK launch, and enhancing creator tools. STAN aims to be India's mobile-optimized alternative to Discord and Twitch, targeting the country's 450 million mobile gaming users.

01Aug 25

Nazara Technologies Extends Moonshine Technology Acquisition Timeline to August 2025

Nazara Technologies has extended the deadline to acquire the remaining 0.96% equity stake in Moonshine Technology Private Limited to August 31, 2025. This involves 38,073 fully paid-up equity shares from I3 Interactive Inc. The extension is related to Share Purchase Agreements executed on September 12, 2024, with multiple sellers including companies and individual stakeholders. Nazara disclosed this information in compliance with SEBI regulations.

25Jul 25

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

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.

24Jul 25

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

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.

16Jul 25

Nazara Technologies to Reduce Stake in Nodwin Gaming Below 50% After Funding Round

Nazara Technologies has approved the de-subsidiarisation of Nodwin Gaming, reducing its stake to below 50%. Nodwin Gaming plans to raise fresh capital from existing shareholders, while Nazara will relinquish controlling rights. This move aims to provide Nodwin with operational and financial flexibility for growth. Nazara will remain the largest shareholder, but Nodwin will be reclassified as an associate company. The decision aligns with Nazara's focus on core gaming IPs. Shareholder approval is required and will be sought at an EGM scheduled for August 13, 2025.

09Jul 25

Nazara Technologies Faces Potential Headwinds as Karnataka Proposes Online Gambling Ban

Karnataka's proposed legislation to ban online betting and gambling could impact Nazara Technologies, a leading player in India's online gaming industry. This move is part of a broader regulatory trend affecting the digital gaming sector across Indian states. The ban, if implemented, may require Nazara to reassess its operations in Karnataka. The outcome could influence future gaming regulations in other states, prompting industry-wide adaptation to the evolving legal landscape.

01Jul 25

Nazara Technologies' Subsidiary Acquires Majority Stake in AFK Gaming

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.

27Jun 25

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

Nazara Technologies has acquired the Intellectual Property (IP) rights of Prime Timer for $500,000 (approximately ₹4.15 crore). This strategic move aims to expand Nazara's portfolio in the gaming and sports media sector. While specific details about the Prime Timer IP and its strategic implications were not disclosed, such acquisitions often enhance content offerings or technological capabilities in the digital entertainment industry.

25Jun 25

Nazara Technologies Extends Deadline for AFK Gaming Acquisition

Nazara Technologies has extended the deadline to acquire a 92.30% stake in AFK Gaming to July 30. This move aligns with Nazara's growth strategy in the gaming and esports market. The extension suggests ongoing negotiations and due diligence processes for the potential acquisition.

16Jun 25

Nazara Technologies Enters VR Gaming Market with Pokerverse VR Launch

Nazara Technologies' subsidiary, Nazara Publishing, has launched Pokerverse VR, marking the company's first venture into virtual reality gaming. This strategic move into the VR space represents a significant diversification of Nazara's gaming portfolio and positions the company to tap into the growing VR gaming market. Pokerverse VR aims to offer an immersive poker experience in a virtual environment, potentially opening new revenue streams for the company.

16Jun 25

Rekha Jhunjhunwala Exits Nazara Technologies Amid Stock Surge and Strong Q4 Results

Rekha Jhunjhunwala has fully divested her stake in Nazara Technologies through bulk deals on BSE and NSE, totaling approximately Rs 334.00 crore. This exit coincides with the company's stock nearing a four-year high. Nazara reported impressive Q4 results with operating revenue up 95% YoY to Rs 520.20 crore and a net profit of Rs 4.00 crore.

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.