Nazara Technologies Limited — Others, 28-03-2025: Shareholders meeting

Nazara Technologies Limited has announced a board meeting to approve a special resolution for the sale of its entire 94.86% stake in Openplay Technologies Private Limited to Moonshine Technology Private Limited for a consideration of ₹104.34 Crore. This transaction will be structured as a share swap, with Nazara receiving 199,890 Compulsorily Convertible Preference Shares from Moonshine. The move aims to consolidate all Real Money Gaming businesses under a single entity, enhancing operational efficiencies and growth prospects in the competitive gaming industry. This strategic realignment may bolster investor confidence, signaling a positive outlook for future performance.