Nazara Technologies Limited — Important, 18-02-2025: Updates

Nazara Technologies has acquired 14,999 equity shares of Re. 1/- each from the sellers, representing a 22% ownership in Datawrkz Business Solutions Private Limited. This acquisition increases Nazara’s equity stake in Datawrkz to 55%, maintaining its status as a subsidiary. The total cash consideration for this transaction is Rs. 21 Crores, with Rs. 12 Crores already paid as the first tranche; the remaining amount will be disbursed as per the Investment Agreement. This move enhances Nazara's strategic positioning in the digital gaming space, representing a positive outlook for future growth. Investors should watch closely as increased ownership could lead to improved operational synergies and profitability in the long run.