Nazara Technologies Limited — Important, 12-11-2024: Updates

Nazara Technologies Limited is progressing on its acquisition of equity shares in Moonshine Technology Private Limited. The acquisition involves 18,96,674 fully paid-up equity shares, accounting for 47.71% of the equity share capital on a fully diluted basis from various sellers. The timeline for closing this acquisition under the Share Purchase Agreement has been extended to November 30, 2024. This acquisition represents a significant strategic move for Nazara, enhancing its position in the gaming sector. Investors should watch closely for the execution of this deal and its potential contributions to future growth.