Nazara Technologies Limited has informed the Exchange regarding Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Update on acquisition of equity shares of Next Wave Multimedia Private Limited, a subsidiary of the Company.
NAZARA · price
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Nazara Technologies has acquired 4,188 equity shares (12.56% stake) of its subsidiary Next Wave Multimedia Private Limited for a total consideration of approximately ₹7.5 crore from the existing founder-promoter shareholders. This transaction is part of the Share Purchase Agreement signed on May 24, 2024, and follows an earlier disclosure dated December 30, 2025. With this acquisition, Nazara's shareholding in Next Wave has increased from 87.44% to 100%, making Next Wave a wholly owned subsidiary.
This is a positive consolidation move for Nazara, giving it full ownership and complete control over Next Wave Multimedia. It simplifies the corporate structure and allows Nazara to capture 100% of future profits from this subsidiary, though the financial impact is likely modest given the relatively small deal size of ₹7.5 crore.