Nazara Technologies Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on Call Option in Moonshine Technology Private Limited, an associate of the Company'.
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Nazara Technologies has decided not to exercise its call option to acquire up to an additional 1% equity in its associate, Moonshine Technology Private Limited (MTPL). This call option was part of an agreement dated December 17, 2024, signed along with MTPL's founders before Nazara's original acquisition. Nazara already holds a 46.07% equity stake in MTPL along with 4,87,266 Compulsorily Convertible Preference Shares (CCPS), which the company considers a substantial enough holding. The earlier intimation on this topic was filed on December 17, 2024.
This is a minor, largely neutral disclosure. Nazara is effectively saying its existing stake in MTPL is sufficient and no further investment is needed right now. Shareholders are unlikely to see any meaningful change in value or control, and this should not be read as a negative signal about MTPL's prospects.