Nazara Technologies Limited — Updates, 07-03-2025: Press Release

Nazara Technologies Limited has successfully divested its 94.85% stake in OpenPlay Technologies to Moonshine Technology Private Limited for INR 104.33 crore, facilitated through issued Compulsory Convertible Preference Shares. This acquisition is set to enhance Moonshine's presence in India's Real Money Gaming sector by integrating OpenPlay’s Rummy platform with its existing offerings.

OpenPlay has maintained profitability amid recent regulatory changes, optimizing costs and focusing on VIP retention. The collaboration is expected to increase player engagement, improve user acquisition through shared insights, and achieve cost efficiencies. Comments from both companies highlight the goal of leveraging combined technological expertise to redefine the gaming landscape in India.

This strategic move positions Nazara to streamline its gaming portfolio while giving Moonshine a stronger foothold in a competitive market, presenting a positive outlook for both organizations as they aim for accelerated growth and innovation in the real-money gaming segment.