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Nazara Technologies enters into Share Purchase agreement to acquire 1% stake in Absolute Sports

27 Jun 2022 Evaluate

Nazara Technologies has entered into a Share Purchase agreement with Porush Jain and Absolute Sports (Absolute) on June 24, 2022, for the purpose of acquisition of 1.00% equity stake of Absolute on fully diluted basis, and to record the terms and conditions and other matters in connection therewith.

Absolute Sports deals in the business of sports media, sports consultancy, sports management, sports events, sports good retail online, sports magazines, online and print news coverage of football, cricket, hockey, kabaddi, badminton, table tennis and all other sports. Cost of acquisition is Rs 4.99 crore.

Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition 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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