Nazara Technologies Limited — Important, 05-02-2025: Updates

Nodwin Gaming International Pte Ltd, a step-down subsidiary of Nazara Technologies, has successfully completed its acquisition of 100% of Starladder Ltd for a total consideration of up to USD 5.50 million (approximately INR 47.59 crores). This payment consists of a cash component of USD 2.00 million (around INR 17.31 crores) and an equity swap of USD 3.50 million (approximately INR 30.28 crores), which was settled through the issuance of 16,187 equity shares by Nodwin Singapore. With this acquisition, Starladder is now a wholly owned subsidiary of Nodwin Singapore, enhancing Nazara’s strategic position in the gaming sector. Investors should monitor this development closely as it may lead to significant growth opportunities in the gaming market.