Nazara Technologies Limited has informed the Exchange regarding Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on Acquisition of Pre Series C CCPS of Rusk Media Private Limited.
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Nazara Technologies has completed subscription of 1,278 Pre Series C Compulsorily Convertible Preference Shares of Rusk Media Private Limited for ₹14.99 crore (approximately ₹15 crore). These shares represent 1.36% of Rusk's share capital on a fully diluted basis. Following this allotment, Nazara's total holding in Rusk Media has increased to 7.62% on a fully diluted basis. This is an update to the Share Subscription Agreement disclosed on March 30, 2026.
Nazara continues to build its minority stake in Rusk Media through this strategic investment. While the 7.62% holding is not controlling, it signals Nazara's interest in the digital media/content space. The impact on Nazara's financials is likely minimal given the relatively small investment amount.