Nazara Technologies’ board has approved to make strategic investment for the proposed acquisition of 10,000 equity shares of Rs 10 each representing 100% of the issued and paid up share capital of OpenPlay Technologies (OpenPlay) from its existing shareholders i.e. Sreeram Reddy Vanga and Unnati Management Consultants LLP at a consideration of Rs 186.41 crore, in one or more tranches.
In the first tranche of the Strategic Investment, the company shall acquire 23.30% of the issued and paid up share capital of OpenPlay for a consideration of Rs 43.43 crore, by end of Q2 of FY 2021-22.
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.
| Company Name | CMP |
|---|---|
| TCS | 2522.55 |
| Infosys | 1242.60 |
| HCL Tech. | 1277.20 |
| Wipro | 202.95 |
| Tech Mahindra | 1420.40 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: