Nazara Technologies Limited informs the Exchange regarding Disclosure Under Regulation 30 of The SEBI (LODR) Regulations, 2015.
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Nazara Technologies has informed the exchanges about three internal loan agreements, all dated August 26, 2025, where its wholly-owned subsidiaries are lending money to another wholly-owned subsidiary, Nazara Technologies UK Limited (Nazara UK). Kiddopia Inc. (via Paper Boat) is lending up to USD 1 million (~₹8.73 Cr), Sportskeeda Inc. (via Absolute Sports) is lending up to USD 572,443 (~₹5 Cr), and Nazara Technologies (Mauritius) is lending up to GBP 367,000 (~₹4 Cr). All loans are unsecured and intended for working capital, acquisitions, expansion, and general corporate purposes. The transactions are between wholly-owned subsidiaries, making them related party transactions exempted under Regulation 23(5)(c) of the Listing Regulations, and are done at arm's length. Nazara UK already has significant outstanding loans from Kiddopia (USD 22.4M) and Sportskeeda (USD 12.8M), indicating an ongoing internal funding pattern.
This is a routine internal reshuffling of funds within Nazara's wholly-owned subsidiary group and is unlikely to have a material impact on the listed entity or its shareholders. Investors may note that Nazara UK is accumulating sizeable intra-group debt, but since all entities are wholly-owned, the net effect on the consolidated company is neutral.