Nazara Technologies Limited has informed the Exchange regarding Disclosure under Regulation 30 of the SEBI (LODR) Regulations 2015.
NAZARA · price
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Nazara Technologies is investing approximately INR 14.99 crores in Rusk Media Private Limited (RMPL) by subscribing to 1,278 Pre Series C Compulsorily Convertible Preference Shares, representing an additional 1.36% stake on a fully diluted basis. Post-investment, Nazara's total holding in RMPL will rise to 7.62% on a fully diluted basis. RMPL operates in the Media & Entertainment space with a turnover of INR 81.39 crores in FY25, up from INR 39.49 crores in FY23, showing strong growth. The partnership is aimed at creating a scripted reality esports and gaming content universe for Gen-Z and millennials, with Nazara securing exclusive monetization rights on the IP, characters, and creators through mobile games. The deal is entirely in cash, is not a related-party transaction, requires no regulatory approvals, and is expected to be completed within 60 days.
This is a strategic minority investment that deepens Nazara's content-to-gaming flywheel by giving it exclusive IP monetization rights, which is positive for long-term growth. However, at ~INR 15 crores and a 1.36% incremental stake, the immediate financial impact on Nazara's earnings or stock price is likely to be modest.