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'.
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Nazara Technologies informed exchanges that the timeline to close the acquisition of AFK Gaming Private Limited has been extended to June 25, 2025. The deal involves Nodwin Gaming Private Limited, a material subsidiary of Nazara, acquiring 92.30% equity stake in AFK Gaming from the founders and other sellers for an aggregate consideration of INR 7.58 Crores. This is an update to the April 27, 2025 intimation and follows the Share Purchase Agreement signed on December 18, 2024. No change in deal value or stake percentage has been reported.
The extension of the closing timeline suggests minor delays in deal completion but no change in the underlying terms. For Nazara shareholders, this confirms continued inorganic growth strategy through Nodwin Gaming in the esports/gaming content space, though the small deal size (INR 7.58 Cr) makes the financial impact marginal.