Nazara Technologies Limited — Important, 15-01-2025: Updates

Nazara Technologies Limited has enhanced its stake in Absolute Sports Private Limited, acquiring an additional 19,343 equity shares, which increases its total ownership to 91.03%. This acquisition, amounting to ₹72.73 Crores, involves purchasing shares from the existing founding shareholders. As a result, Absolute Sports remains a significant subsidiary of Nazara. This strategic move further strengthens Nazara’s position in the gaming sector, potentially increasing its market presence and enhancing revenue streams. Investors should watch closely for future developments that may arise from this increased investment in a key subsidiary.