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Nazara Technologies surges as its arm acquires stake in Rusk Distribution

02 Mar 2022 Evaluate

Nazara Technologies is currently trading at Rs. 1760.00, up by 38.80 points or 2.25% from its previous closing of Rs. 1721.20 on the BSE.

The scrip opened at Rs. 1715.25 and has touched a high and low of Rs. 1780.00 and Rs. 1715.25 respectively. So far 4052 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 3354.40 on 11-Oct-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. 1911.60 and Rs. 1676.50 respectively. The current market cap of the company is Rs. 5725.03 crore.

The promoters holding in the company stood at 19.32%, while Institutions and Non-Institutions held 16.19% and 64.49% respectively.

Nazara Technologies’ material subsidiary -- Nodwin Gaming has acquired 5,100 equity shares of Rs 10 each of Rusk Distribution and paid a total consideration of Rs 51,000 to Mayank Yadav and Karanvir Sofat, the existing Shareholders of Rusk Distribution for the same. Consequently, Nodwin is now holding 51% of the paid up equity share capital of Rusk Distribution. With this acquisition, Rusk Distribution has become subsidiary of

Nodwin Gaming and a step down subsidiary of the Company effective from February 28, 2022. The objective of acquisition of Rusk Distribution is to monetization of digital content across all media distribution platforms and brands.

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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