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Nazara Technologies Ltd. ( (IN:NAZARA) ) has shared an update.
Nazara Technologies Ltd. announced that its subsidiary, Nodwin Gaming Private Limited, has extended a guarantee of up to EUR 1,560,000 to secure a loan for Freaks 4U Gaming GmbH, another subsidiary. This financial move is aimed at supporting business needs such as working capital and expansion plans. Currently, the guarantee has no immediate impact on Nazara’s financial statements, other than being noted as a contingent liability.
More about Nazara Technologies Ltd.
Nazara Technologies Ltd. operates in the gaming and digital sports industry, with a focus on markets in India, the Middle East, Africa, and Europe. The company offers a range of gaming products and services, leveraging its subsidiaries to expand its market presence.
YTD Price Performance: -7.13%
Average Trading Volume: 19,283
Current Market Cap: 80.18B INR
See more insights into NAZARA stock on TipRanks’ Stock Analysis page.