Nazara Technologies Limited informs the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015'.
NAZARA · price
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Awaiting price reaction for this filing.
Nazara Technologies has disclosed that its UK wholly-owned subsidiary, Nazara Technologies UK Limited, will lend up to GBP 1 million (approximately ₹12 crore) to its own wholly-owned subsidiary, Curve Digital Entertainment Ltd (CDEL). The loan is unsecured and will be given in one or more tranches. The purpose includes working capital, acquisitions, and expansion plans. The agreement was signed on July 24, 2025. This is an internal transaction between two subsidiaries of the company, exempt under Regulation 23(5)(c) of SEBI LODR, and is being done at arm's length. No security has been taken for the loan.
This is a routine internal fund movement between wholly-owned subsidiaries and is unlikely to have any material impact on the stock price. However, the stated purpose of 'acquisitions' is worth noting as it hints at potential inorganic growth activity through CDEL, which could become significant if a deal materializes.