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Nazara Technologies has provided an update regarding its acquisition of equity shares in Absolute Sports Private Limited, increasing its holding to 81.94%. The company has successfully acquired 21,830 equity shares, representing 10.26% of Absolute's equity share capital, for an initial cash payment of INR 72.73 Crores as part of a total consideration of INR 145.47 Crores outlined in the Share Purchase Agreements. The remaining amount will be settled in a second tranche as specified in the agreements. This strategic move strengthens Nazara’s position in Absolute, bolstering its growth potential and market presence in the gaming sector. Positive outlook as this enhances Nazara’s operational capabilities and market competitiveness.