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Nazara Technologies Ltd. ( (IN:NAZARA) ) has provided an announcement.
Nazara Technologies Ltd. announced the termination of its Share Purchase Agreement with I3 Interactive Inc. for acquiring equity shares in Moonshine Technology Private Limited. This decision follows the enactment of the Promotion and Regulation of Online Gaming Act, 2025, which prohibits online real money gaming in India, leading to a material adverse effect on the agreement.
More about Nazara Technologies Ltd.
Nazara Technologies Ltd. is a diversified gaming and sports media platform with a presence in India, the Middle East, Africa, and Europe. The company focuses on interactive gaming and sports media, offering a range of products and services in these sectors.
Average Trading Volume: 123,522
Technical Sentiment Signal: Buy
Current Market Cap: 107.3B INR
See more insights into NAZARA stock on TipRanks’ Stock Analysis page.