Nazara Technologies Limited — Important, 16-12-2024: Updates

Nazara Technologies has successfully acquired an additional 1,000 equity shares of Next Wave Multimedia Private Limited, increasing its ownership from 71.88% to 74.88%. This acquisition, part of a broader agreement to purchase 9,375 shares, involved a cash payment of INR 2.31 crore in the first tranche, with the remaining consideration of INR 19.33 crore to be settled as outlined in the Share Purchase Agreement. This step reinforces Nazara’s strategic position in the gaming market, enhancing its control over Next Wave, which remains a subsidiary. The move is likely to bolster Nazara's growth trajectory, warranting close attention from investors.