Nazara Technologies Limited — Important, 18-03-2025: Updates

Nazara Technologies Limited has completed the acquisition of 18,330 equity shares in Absolute Sports Private Limited, representing 8.97% of its equity, for a total consideration of ₹69.17 Crore. As a result, Nazara's stake in Absolute has increased from 91.03% to 100%, making it a wholly-owned subsidiary. This strategic move enhances Nazara's control over Absolute, potentially leading to more integrated operations and aligned business strategies. Investors should view this development as a strong consolidation of resources within the company's portfolio, suggesting a positive outlook for future synergies and growth opportunities.