Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Nazara Technologies Ltd. ( (IN:NAZARA) ) has shared an announcement.
Nazara Technologies has increased its stake in its subsidiary Next Wave Multimedia Private Limited by acquiring an additional 1,396 equity shares, representing 4.19% of Nextwave’s equity share capital, from the founding shareholders for a consideration of INR 2.5 crore. This transaction raises Nazara’s holding in Nextwave from 83.25% to 87.44%, further consolidating its control over the subsidiary and underscoring its strategy of deepening ownership in key gaming assets within its portfolio, which may enhance operational integration and strategic alignment within the group.
More about Nazara Technologies Ltd.
Nazara Technologies Limited is an India-based gaming and sports media company that operates across mobile gaming, e-sports, and interactive entertainment, often scaling through strategic investments and acquisitions in gaming studios and digital content platforms. The company focuses on expanding its portfolio and control over key subsidiaries to strengthen its position in the digital gaming ecosystem.
Average Trading Volume: 307,667
Technical Sentiment Signal: Sell
Current Market Cap: 93.75B INR
For detailed information about NAZARA stock, go to TipRanks’ Stock Analysis page.