Nazara Technologies Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on acquisition of AFK Gaming Private Limited by Nodwin Gaming Private Limited, material subsidiary of Nazara Technologies Limited'.
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Nazara Technologies has informed the exchanges that the closing of its subsidiary Nodwin Gaming's acquisition of 92.30% stake in AFK Gaming Private Limited has been pushed back to July 30, 2025. The total consideration for the deal is INR 7.58 Crores, payable by Nodwin Gaming to the founders (Nishant Patel, Rakesh Ramchandran, Siddharth Nayyar) and other shareholders of AFK. This is an update to the Share Purchase Agreement signed on December 18, 2024, with a prior intimation made on May 10, 2025. The deal is not cancelled — only the timeline has been extended.
The acquisition is still on track but delayed beyond the earlier expected closing date. For Nazara shareholders, this is a minor procedural update with no change in deal value or stake; it signals that Nodwin Gaming continues to consolidate its presence in the esports/gaming media space through AFK Gaming.