Nazara Technologies Limited — Important, 07-05-2025: Updates

Nazara has announced a board meeting to consider the financial results for the quarter and half-year. The company sold its 94.86% stake in Openplay Technologies to Moonshine Technology Pvt Ltd for INR 104.34 Cr, receiving 1,99,890 CCPS of Moonshine. Openplay is now a Moonshine subsidiary, with Nazara holding a 46.07% stake and 4,87,266 CCPS in Moonshine. This move shifts Nazara’s investment exposure to preference shares in Moonshine, altering its stake structure and potential returns.