Nazara Technologies Limited informs the Exchange regarding Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on acquisition of AFK Gaming Private Limited by Nodwin Gaming Private Limited, a material subsidiary of the Company.
NAZARA · price
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Nazara Technologies' material subsidiary Nodwin Gaming has completed the acquisition of 92.30% equity share capital of AFK Gaming Private Limited on July 1, 2025. The total purchase consideration is INR 7.58 Crores, of which INR 4.59 Crores was paid in cash and the remaining INR 2.99 Crores was discharged via issuance of Nodwin's equity shares to the sellers. This was executed under a Share Purchase Agreement signed on December 18, 2024. Following the deal, AFK Gaming has become a wholly owned subsidiary of Nodwin and a step-down subsidiary of Nazara Technologies. AFK Gaming operates in the esports media and content space, which aligns with Nazara's broader gaming and esports portfolio strategy.
The acquisition is small in value (~₹7.58 Cr) and is funded internally by Nodwin through a mix of cash and share swap, so it should not materially affect Nazara's standalone financials. It strengthens Nazara's esports media footprint via its subsidiary, which is a positive strategic fit but unlikely to move the stock significantly on its own.