Nazara Technologies Limited — Important, 31-03-2025: Updates

Nazara Technologies FZ LLC, a wholly-owned subsidiary of Nazara Technologies Limited, has been allotted 1,082 Class A1 Preferred Shares of COG Holdings Global Limited, representing 4.25% of COG's share capital. This allotment was made against a payment of USD 250,000 (~INR 2.17 Crores) as part of a total consideration of USD 500,000 outlined in a purchase agreement. Following this transaction, Nazara Dubai will own a total of 2,164 Class A1 Preferred Shares, equating to 8.5% of COG's share capital. The balance payment of USD 250,000 is to be settled as specified in the agreement, with further updates expected. This investment underscores Nazara's ongoing strategic expansion in the gaming sector. Shareholders should watch closely for updates on the remaining completion steps and their potential implications for the company's growth trajectory.