Nazara Technologies has entered into a Share Purchase Agreement (SPA) on April 22, 2021 with Sankalp Sharma and Absolute Sports (ASPL) for acquisition of further stake of 1.40% equity stake (on fully diluted basis) for a consideration of Rs 96.16 lakh in ASPL, a subsidiary of the Company. Post completion of the said transaction, the stake of the Company in ASPL shall increase from 63.90% to 65.30%.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
