Announced Thu, 6 Aug · 21:50 IST
Nazara acquires Bluetile Games and Bestplay Systems via subsidiary
NAZARA · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹352.65
prior close
₹352.85
base price
After-mkt
timing
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AI summary
Nazara Technologies has paid the first tranche to acquire Bluetile Games and Bestplay Systems through its UK subsidiary Nazara UK. Total deal value is USD 303.02 million or about INR 2,990 Crores. Nazara infused about INR 872 Crores into Nazara UK as equity plus loan. First cash tranche of USD 89.45 million (about INR 851.51 Crores) paid. Targets are now step-down subsidiaries.
Likely market impact
Major acquisition expands Nazara gaming portfolio. Partly debt-funded, may lift leverage. Watch for updates on balance consideration.