Nazara Technologies’ material Subsidiary -- Absolute Sports (Absolute) has made initial investment in Sportskeeda Inc., an entity based in Delaware, United States, a wholly owned subsidiary of Absolute, by subscribing to initial capital contribution of 1,00,00,000 shares, for an amount aggregating to $1000 for cash at the rate of $0.0001 each. Sportskeeda Inc. is yet to commence its business operations.
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.
