Nazara Technologies Limited — Important, 03-02-2025: Updates

Nazara Technologies Limited has successfully completed the acquisition of all Intellectual Property Rights related to the mobile games "CATS: Crash Arena Turbo Stars" and "King of Thieves" from Zeptolab UK Limited. The total consideration for this acquisition is USD 7.7 million (~Rs. 66.59 Crores), of which USD 6.7 million (~Rs. 58.22 Crores) has been paid thus far. The remaining USD 1 million will be settled according to the terms specified in the Asset Purchase Agreement. This strategic acquisition is likely to enhance Nazara's gaming portfolio and could provide significant growth opportunities in the mobile gaming sector. Investors should monitor this development closely for its potential positive impact on future revenue streams.