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Nazara Technologies Ltd. ( (IN:NAZARA) ) has shared an announcement.
Nazara Technologies has completed the cash payment of approximately INR 27.15 crore to acquire 4,276 Series A compulsorily convertible preference shares of Rusk Media Private Limited, representing 5.23% of Rusk Media’s fully diluted share capital. Following this transaction, carried out under a previously signed share purchase agreement involving its associate Nodwin Gaming, Nazara’s total stake in Rusk Media rises to 7.18%, signaling a continued strategic push into digital media and gaming-related content assets that may strengthen its position in the broader interactive entertainment value chain.
More about Nazara Technologies Ltd.
Nazara Technologies Limited is an India-based gaming and interactive entertainment company with a portfolio spanning mobile games, e-sports, and related digital media, often operating through associates such as Nodwin Gaming to expand its footprint in the gaming and content ecosystem.
Average Trading Volume: 325,138
Technical Sentiment Signal: Strong Buy
Current Market Cap: 103.2B INR
For a thorough assessment of NAZARA stock, go to TipRanks’ Stock Analysis page.