Nazara Technologies Limited — Important, 03-01-2025: Updates

Nazara Technologies has successfully acquired 13,94,118 equity shares of Moonshine Technology Private Limited (MTPL), representing 35.07% of its equity. The total consideration for this acquisition amounts to INR 820.12 Crores, with INR 608.32 Crores paid in cash as the initial tranche. The remaining balance of INR 211.80 Crores, which includes approximately INR 15.90 Crores in cash, will be settled according to the stipulations in the Share Purchase Agreements. This acquisition positions MTPL as an associate entity, enhancing Nazara's portfolio and strategic growth potential. Investors should watch closely for developments as the closing timeline has been extended to January 31, 2025.