Nazara Technologies Limited informs the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on acquisition of Intellectual Property Rights of ITR Wrestling and TJR Wrestling by Sportskeeda Inc., a wholly-owned subsidiary of Absolute Sports Private Limited, a material subsidiary of the Company'.
NAZARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nazara Technologies announced that Sportskeeda Inc., a wholly-owned subsidiary of Absolute Sports Private Limited (a material subsidiary of Nazara), has completed the acquisition of Intellectual Property Rights (including brand, domain, content, and social media accounts) associated with the ITR Wrestling and TJR Wrestling websites. The acquisition was made from Titan Insider Digital Limited for a cash consideration of USD 1.25 million (approximately INR 10.5 Crores). The deal was executed under an Asset Purchase Agreement dated May 6, 2025, and the completion was confirmed on May 16, 2025. This is an update to Nazara's earlier disclosure dated May 7, 2025.
This is a bolt-on, tuck-in acquisition at the subsidiary level that expands Sportskeeda's content portfolio into the wrestling niche, but the deal size (about INR 10.5 Crores) is small relative to Nazara's scale and unlikely to materially move the stock. It signals continued inorganic growth execution in digital sports media, which is mildly positive for long-term investors.