Nazara Technologies Limited informs the Exchange regarding 'Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on acquisition of AFK Gaming Private Limited by Nodwin Gaming Private Limited, material subsidiary of Nazara Technologies Limited'.
NAZARA · price
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Awaiting price reaction for this filing.
Nazara Technologies' material subsidiary Nodwin Gaming is acquiring 92.30% stake in AFK Gaming Private Limited from the founders and other sellers for an aggregate consideration of INR 7.58 Crores. The acquisition is being done under a Share Purchase Agreement dated December 18, 2024. The closing timeline, which was previously communicated on March 13, 2025, has now been further extended to May 11, 2025. Nazara is informing the exchanges of this revised timeline under SEBI Listing Regulations.
The deal is still on track but delayed — shareholders should note that the acquisition is not yet closed. The small deal size (INR 7.58 Cr) makes this a minor, bolt-on acquisition for Nazara's esports/gaming portfolio and unlikely to move the stock price meaningfully on its own.