Nazara Technologies Limited — Important, 31-01-2025: Updates

Nodwin Gaming International Pte Ltd, a wholly owned subsidiary of Nazara Technologies, has signed a Share Purchase Agreement to acquire 100% of the share capital of Starladder Ltd for up to USD 5.5 million (~INR 47.59 crores). The consideration includes a cash payment of up to USD 2 million (~INR 17.31 crores) and a share swap of USD 3.5 million (~INR 30.28 crores) in Nodwin Singapore shares. This strategic acquisition aims to enhance Nodwin's capabilities in producing high-quality esports events and expanding its global reach, particularly in the PC esports sector. Completing the transaction is expected within 60 days, further solidifying Nodwin’s position in the gaming and sports entertainment industry. Starladder, established in 2018 and based in Cyprus, has recorded a turnover of USD 2.8 million (~INR 24.23 crores) for CY24 and is known for its prestigious live event productions. This acquisition presents an opportunity for stakeholders to observe potential growth in Nodwin’s operational capacity and market influence.