Nazara Technologies Limited — JV/Acquisition, 07-03-2025: Acquisition

Nazara Technologies Limited has approved the sale of its 94.86% stake in Openplay Technologies to Moonshine Technology for INR 104.34 Crores, payable via Compulsory Convertible Preference Shares. This sale aligns with Nazara's strategy to focus on core operations while reinforcing Moonshine's position in the online gaming market, specifically through PokerBazzi. Additionally, Nazara plans to invest up to USD 250,000 (approximately INR 2.17 Crores) in ReelSaga Innovations, aiming to capitalize on the growing serialized short drama video sector in India, diversifying its digital media portfolio.