Nazara Technologies Limited — Important, 13-12-2024: Updates

Nodwin Gaming, a material subsidiary of Nazara Technologies, has acquired 100% of Trinity Gaming India Private Limited for a total consideration of ₹24 Cr. The payment structure includes ₹4.8 Cr in cash and the issuance of 1,036 equity shares of Nodwin valued at ₹19.2 Cr to the founders of Trinity. This strategic acquisition enhances Nodwin's portfolio, making Trinity a wholly-owned subsidiary. Investors should note the positive implications for growth prospects in the gaming sector, as it positions Nodwin to capitalize on emerging trends and expand its market reach.