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Nazara Technologies inches up on signing binding term sheet with Publishme

17 Jun 2021 Evaluate

Nazara Technologies is currently trading at Rs. 1667.30, up by 3.55 points or 0.21% from its previous closing of Rs. 1663.75 on the BSE.

The scrip opened at Rs. 1635.35 and has touched a high and low of Rs. 1674.85 and Rs. 1635.35 respectively. So far 522 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 2026.90 on 30-Mar-2021 and a 52 week low of Rs. 1412.50 on 12-Apr-2021.

Last one week high and low of the scrip stood at Rs. 1746.10 and Rs. 1635.35 respectively. The current market cap of the company is Rs. 5066.59 crore.

The promoters holding in the company stood at 20.70%, while Institutions and Non-Institutions held 14.14% and 65.17% respectively.

Nazara Technologies has signed binding term sheet with Arrakis Tanitim Organizasyon Pazarlama San.Tic. Ltd. Sti. (Publishme) and founders and shareholders of Publishme, for the proposed investment of approximately Rs 20 crore by the company through its subsidiary for acquiring 69.82% stake in Publishme by way of primary and secondary transaction.  The objects of acquisition is to lead the company's foray in the MENA region in the gaming industry. This acquisition will help the company in establishing itself as a key player in the region.

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.

Nazara Technologies Share Price

273.80 12.85 (4.92%)
17-Apr-2026 16:59 View Price Chart
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