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Nazara Technologies Ltd. ( (IN:NAZARA) ) has issued an announcement.
Nazara Technologies has increased its stake in Next Wave Multimedia Private Limited to 100%, acquiring an additional 12.56% equity for about INR 7.5 crore from the founding shareholders. The deal converts Nextwave from a majority-owned unit into a wholly owned subsidiary, potentially giving Nazara full strategic and operational control over the asset and its gaming IPs, strengthening its consolidated position in the digital gaming ecosystem and offering clearer value integration for shareholders.
More about Nazara Technologies Ltd.
Nazara Technologies Ltd. is an India-based diversified gaming and sports media company, with operations spanning mobile gaming, e-sports, and interactive entertainment. Through strategic stakes and subsidiaries, it builds digital gaming IPs and platforms aimed at high-growth markets, particularly in India and other emerging economies.
Average Trading Volume: 159,454
Technical Sentiment Signal: Sell
Current Market Cap: 88.97B INR
For detailed information about NAZARA stock, go to TipRanks’ Stock Analysis page.